MARKETS

Oil price: Europe's Covid 4th wave out-influences Biden

JOE Biden's announcement that the US will release 50 million barrels of oil from its strategic petroleum reserve has done little to drop the price of benchmarks Brent and West Texas Intermediate.

File photo: oil barrels in storage

File photo: oil barrels in storage

The move was devised as a way to lower the price of fuel at service stations across the US where high prices have become increasingly complementary to inflation concerns, ultimately seeing a rise in the...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.