Biden's order, which he will formally announce later Thursday, calls for the release of 1 million barrels of oil per day over the next six months from the Strategic Petroleum Reserve. The action will represent the largest release from the reserve in its nearly 50-year history.
Gas prices at the pump have soared by nearly $1 per gallon in the month since Russia's invasion of Ukraine. The war means less Russian oil is getting to the market, and the reduction in supply is raising prices at the pump.
Solar power shines bright in California, and wholesale energy prices prove it. Last winter and early...
Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity,...
One of two reactor units at a nuclear power plant near New York City has been...
