The United States plans to release more oil from reserves in an effort to keep costs low after the OPEC+ announced it will cut 2 million barrels a day from production starting in November, reports ABC News.
"The president is disappointed by the shortsighted decision by OPEC+ to cut production quotas while the global economy is…
Nearly $190 million in offshore oil lease bids have been approved by the Biden Administration after being rejected by a federal judge nearly a year ago, reports the Associated Press.
The approval was required by the Inflation Reduction Act, which also mandates that three sales be allowed to proceed after previously being put on hold by…