US News

Biden instructed using strategic oil reserve because of Hurricane Ida

Biden instructed using strategic oil reserve because of Hurricane Ida

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Biden instructed using strategic oil reserve because of Hurricane Ida
Joe Biden has directed Energy Secretary Jennifer Granholm to use a strategic oil reserve to combat the increase in fuel prices in the country caused by Hurricane Ida

Economy

Biden urged OPEC to increase oil production

Biden urged OPEC to increase oil production

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Biden urged OPEC to increase oil production
OPEC countries should give up cutting oil production as the global economy recovers in order to lower prices. U.S. President Joe Biden said this during a speech at the White House on August 11

Economy

Experts predict a decline in oil prices in 2022

Experts predict a decline in oil prices in 2022

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Experts predict a decline in oil prices in 2022
Participants in the OPEC + deal, as well as countries in the Americas, will increase oil production next year. And this will put pressure on prices

Economy

The U.S. sells 2 million barrels of oil from detained Iranian tanker

The U.S. sells 2 million barrels of oil from detained Iranian tanker

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The U.S. sells 2 million barrels of oil from detained Iranian tanker
The U.S. received $100 million for the sale of about 2 million barrels of oil that the USA seized on the Achilleas tanker, which was detained in February, suspected of transporting Iranian oil

Economy

Oil prices fall on expectations of normalization of the situation in the Suez Canal

Oil prices fall on expectations of normalization of the situation in the Suez Canal

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Oil prices fall on expectations of normalization of the situation in the Suez Canal
Last week, the oil market experienced high volatility amid the news about the blocking of the Suez Canal, which is an important transport route, including for oil tankers

Economy

The price of oil for the first time since January 2020 exceeded $65 per barrel

The price of oil for the first time since January 2020 exceeded $65 per barrel

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The price of oil for the first time since January 2020 exceeded $65 per barrel
Global oil prices continue to rise after reaching 13-month highs. The price of a barrel of Brent for the first time since January 2020 exceeded $65 per barrel

Economy

The US Department of Energy allows the price of Brent oil to rise to $173 by 2050

The US Department of Energy allows the price of Brent oil to rise to $173 by 2050

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The US Department of Energy allows the price of Brent oil to rise to $173 by 2050
The US Department of Energy has published an annual energy forecast with different options for oil price growth