The Biden administration will likely need to tap oil from the country’s emergency reserves to counter a spike in gasoline prices and amid inflation fears during the summer driving season.
Author: Lucia Kassai
Diesel Stockpiles at 20-Year Low as Winter Nears
U.S. inventories of diesel used for heating and transportation are enough to meet just 31.2 days of demand, the tightest it has been for this time of the year since 2000, according to the Energy Information Administration.
US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil
The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.
US Slaps Sanctions on Mexican Companies Helping Venezuelan Oil
The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.