Biden’s move to lower oil prices

Amazon reported accelerated cloud growth in the quarter to the end of June, and JPMorgan has walked into another football firestorm as it works on a plan with Fifa. Plus, Citadel bought Situational Awareness equity holdings after the hedge fund suffered steep AI losses, and DR Co ...  Show more

Meta and Microsoft reported quarterly earnings as investors raised concerns about AI spending, and the US Federal Reserve held interest rates steady. The Bank of Japan is also expected to leave rates unchanged at its meeting on Friday, and UK oil and gas companies are looking awa ...  Show more

President Joe Biden announced today the U.S. would release a record amount of oil from the Strategic Petroleum Reserve. CNN Political Director David Chalian breaks down whether that will impact high gas prices, voters worry over record-high inflation, and how it could impact Repu ...  Show more

The Daily Energy Markets podcast tackled the ripple effects of a sweeping new US spending bill adding $3 trillion to debt while slashing taxes and gutting key social and climate programs — a clear political win for Trump but raising concerns over debt and dollar pressure. Guests ...  Show more

The Biden administration announced on Wednesday that its continuing to release oil from the Strategic Petroleum Reserve in an effort to bring down gas prices before the November midterm elections. But the administration is holding back on more dramatic and riskier actions while a ...  Show more

The symbolic move was accompanied by an acknowledgement from the president that gas prices are likely to keep rising. Nominally at an all-time high, gasoline prices remain well below their 2008 peak after adjusting for inflation.This episode: White House correspondent Tamara Keit ...  Show more