Economy - Finance > Moving

Trump praises himself for making oil reserves ready for tapping

4 days ago   |   By RT

Former US President Donald Trump slammed Joe Biden's move to release 50 million barrels of oil from the US strategic reserves, calling it an “attack” on the reserves and claiming credit for filling them up earlier.
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U.S. to release oil reserves as the holiday travel season gears up

U.S. to release oil reserves as the holiday travel season gears up

4 days ago   |   By NPR

The Biden administration will release 50 million barrels of oil from the country's strategic petroleum reserve to lower gas prices for Americans as the holiday traveling season kicks off.
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Biden's oil gamble: How US tapping its reserves will influence energy crisis

Biden's oil gamble: How US tapping its reserves will influence energy crisis

4 days ago   |   By RT

Washington has announced plans to release crude reserves from the nation's stockpile as part of what it calls a global effort by energy-consuming nations to calm the rapid rise in fuel prices.
The release of oil from the Strategic Petroleum Reserve was coordinated with major Asian energy consumers, including China, India, Japan, the Republic of Korea, and the UK, according to the White House.
Lowering gasoline prices is a critical part of reviving a global economy devastated by lockdown measures as a result of the Covid-19 pandemic. Higher fuel prices not only affect consumers at the pump...
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President Biden will tap into U.S. oil reserves in concert with other nations

4 days ago   |   By NY Times

In an attempt to reduce global energy prices, the White House will release 50 million barrels of crude oil along with Britain, China, India, Japan and South Korea.
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US to release 50 million barrels of oil to ease energy costs

US to release 50 million barrels of oil to ease energy costs

4 days ago   |   By Stl Today

WASHINGTON - President Joe Biden on Tuesday ordered 50 million barrels of oil released from the strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and the United Kingdom.
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Alert: White House: US to release 50 million barrels of oil from strategic reserve to bring down energy costs

4 days ago   |   By Chron

WASHINGTON - White House: US to release 50 million barrels of oil from strategic reserve to bring down energy costs.
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Biden authorizes release of 50 million barrels of oil from US reserve, hoping to combat spike in gas prices

4 days ago   |   By Business Insider

A sign showing gas prices at a station in San Diego, California, in early November 2021. Mike Blake/Reuters President Joe Biden is authorizing the release of 50 million barrels of oil from the US petroleum reserve in a bid to combat the spike in gas prices. "Today, the President is announcing that the Department of Energy will make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans and address the mismatch between demand exiting the pandemic and supply," the White House said in a Tuesday statement. Other countries including...
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US to release 50 million barrels of oil to ease energy costs

4 days ago   |   By Chron

WASHINGTON - The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to bring down energy costs, in coordination with other countries including China.
The move is an effort to bring down rising gas prices. Gasoline prices nationwide are averaging about $3.40 a gallon, more than double their price a year ago, according to the American Automobile Association.
The release will be taken in parallel other nations including, India, Japan, the Republic of Korea and the United Kingdom, major energy consumers.
The U.S. Department of Energy will...
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Critical Contrast: Snap One & Vishay Intertechnology

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Snap One and Vishay Intertechnology are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of... Read more ...

Reviewing RenaissanceRe and Donegal Group

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Aegon Shares Gap Down to $4.82

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Aegon 's stock price gapped down before the market opened on Friday. The stock had previously closed at $4.82, but opened at $4.39. Aegon shares last traded at $4.37, with a... Read more ...

Red River Bancshares Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Red River Bancshares from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. The... Read more ...

Sysmex Downgraded to “Neutral” at Daiwa Capital Markets

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Sysmex was downgraded by investment analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report released on Friday, The Fly reports. Other... Read more ...

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ASML Given a €880.00 Price Target at The Goldman Sachs Group

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ASML has been given a €880.00 target price by analysts at The Goldman Sachs Group in a research report issued to clients and investors on Friday, Borsen Zeitung... Read more ...

Taro Pharmaceutical Industries Downgraded by TheStreet

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TheStreet lowered shares of Taro Pharmaceutical Industries from a c rating to a d+ rating in a report released on Wednesday, TheStreetRatingsTable reports. Several other... Read more ...

Reactions To Rising Inflation Have Begun - Investment Drama Ahead

Inflationary talk and tactics that have been absent for many years have restarted. Read more ...