Import Ban

Gas Prices

Biden oil move aims to cut gas prices ‘fairly significantly’

President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep sanctions on Russia over its invasion of Ukraine. The president said it was

Crude oil

Pariahs no more? US reaches out to oil states as prices rise

Photo: Gas prices are displayed at a gas station in San Diego, Tuesday, March 8, 2022.  Three checkered oil regimes that President Joe Biden and past U.S. leaders have spectacularly snubbed — Venezuela, Saudi Arabia and Iran — are now targets of U.S. outreach as global fuel prices reach jarring levels during the Ukraine crisis.

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