We’ll Do ‘What We Can’ on Gas Prices, We Have SPR, Telling Companies to Lower Price as Tools
Energy Secretary Jennifer Granholm said on ABC’s “The View” Thursday that “we’re going to do everything we can” to address rising gas prices, and the Strategic Petroleum Reserve is a tool to do that. He said that it would be released from. They are asking gas companies to lower prices and increase supply. asked co-host […]
Stocks making the biggest moves midday: CVX, OKTA, WBA, SPR – CNBC
Check out the companies that are trending in intraday trading. CHEVRON — Chevron stock fell 3% after the energy giant agreed to buy Hess in an all-stock deal worth his $53 billion, or $171 per share. The acquisition, which will allow Chevron to develop drilling in Guyana, comes about two weeks after Exxon Mobil acquired […]
Biden Missed Chance to Refill SPR at Lower Rates After Draining It for Political Reasons
On CNBC’s Friday broadcast of “Squawk Box,” co-hosts Becky Quick and Joe Kernen responded: news The Biden administration has said it aims to replenish the Strategic Petroleum Reserve (SPR) at a price below $79 per barrel, noting that there was a time when the SPR could be refilled at lower prices, but we did not. […]
We Didn’t Mess up Refilling SPR, There’s Still ‘Significant Amount’ in It
On Thursday’s broadcast of Bloomberg’s “Sound On,” Amos Hochstein, the White House’s special presidential coordinator for global infrastructure and energy security, said the Biden administration is not missing an opportunity to replenish energy. strategic oil reserves (SPR) When oil prices went down, they bought oil because they still had “substantial” reserves. asked co-host Joe Mathews. […]
We Can’t Release from Drained SPR, So We’re Having to Hope Saudis Will Produce More Oil
On CNBC’s Thursday broadcast “Squawk Box,” CNBC contributor and RBC Capital Markets Managing Director and Global Head of Commodity Strategy Helima Croft said that President Joe Biden is making significant gains from strategic oil. He said he couldn’t dump oil to drive down oil prices. With its reserves (SPR) so low, it has “been forced […]
We Have ‘to Hope for a Bigger Downturn Somewhere’ to Lower Gas Prices — SPR Is Drained
On Wednesday’s broadcast of Bloomberg’s Surveillance, co-hosts Jonathan Ferro and Lisa Abramovich said the White House had a clear strategy for dealing with gasoline prices after Saudi Arabia and Russia extended oil cuts. Lacking, said we are heading in that direction. The Strategic Petroleum Reserve (SPR) is “extremely depleted, and it’s unclear what levers can […]
We Can’t Do Anything About Saudi, Russian Oil Cuts Because SPR Is Drained
Phil Flynn, FOX Business contributor and senior account executive in the Price Futures Group, said on Tuesday’s Fox News channel’s “Special Report” that consumers feel higher oil prices as Saudi Arabia and Russia extend production cuts. He said he would, and said: He said there was “nothing we can do” about Saudi Arabia and Russia […]
‘Depleted’ SPR Would Make Us ‘Severely Compromised’ in Another Crisis, Biden Broke Promise to Refill
In Bloomberg’s “Balance of Power” broadcast on Monday, former Energy Secretary Ernest Moniz warned about how much of the Strategic Oil Reserve is depleted. When the Biden administration said it would fill the reserves, he said he didn’t.Moniz also criticized Congress for using the SPR to fund things unrelated to energy. . Co-host Joe Mathieu […]
Oil prices dip as markets seek more clarity on Fed, SPR restocking By Investing.com – Investing.com
© Reuters. Amber Warwick Investing.com — Oil prices retreated from recent gains on Tuesday ahead of Federal Reserve Chairman Jerome Powell’s speech, but markets are more clear about replenishing US strategic oil reserves this year asked to do Powell is expected to visit Sweden later today to provide more clarity on the direction of US […]
