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U.S. unveils plan to buy back 60 mln barrels for emergency oil stockpile

This post was originally published on this siteMay 5, 2022 The United States will take bids this fall to buy back 60 million barrels of crude oil for the U.S. Strategic Petroleum Reserve, the first step in replenishing the stockpile after a record-sized release this spring, the Department of Energy said. The administration of U.S.

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U.S. Senate committee passes bill pressuring OPEC oil cartel

This post was originally published on this siteMay 5, 2022 A U.S. Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators, including Republican Chuck

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