OPEC to Biden: Shove it; White House rules out increased domestic production

OPEC to Biden: Shove it; White House rules out increased domestic production

by WorldTribune Staff, August 17, 2021 As gas prices soared amid his crippling of U.S. energy production, Joe Biden begged OPEC to increase oil output. OPEC has told Biden, in a word, no. OPEC and its allies, including Russia, “believe oil markets do not need more oil than they plan to release in the coming […]

U.S. oil production sets new records, prices decline

U.S. oil production sets new records, prices decline

by WorldTribune Staff, November 9, 2018 U.S. crude oil production hit a record 11.6 million barrels day as domestic prices sunk to their lowest levels since March, the U.S. Energy Department said on Nov. 7. U.S. oil prices fell to $62 a barrel on Nov. 7. The last time the U.S. oil benchmark settled below […]