Republican lawmakers are pressing President Joe Biden to make clear whether he had a role in auctioning off oil from U.S. emergency reserves to a Chinese entity that has been previously linked to his younger son. Rep. Ralph Norman (R-S.C.) on July 26 led a letter flagging the sale of U.S. strategic oil reserves worth…
Chinese State-Owned Firm Won Nearly 6 Million Barrels of US Oil Reserves Through Auction Sale, Records Show
The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
US Sold 6 Million Barrels of Oil Reserves to China, Records Show
The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
US Sold Nearly 6 Million Barrels of Oil Reserves to China, Records Show
The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
Oil Reserve Release ‘A Drop in the Ocean,’ Symbolic Gesture Has Minimal Effect on Price: Goldman Sachs
A coordinated global release of oil reserves led by the United States, resulting in 70–80 million barrels of additional crude supply, fell short of the amount markets were pricing in, and according to Goldman Sachs has turned out to be little more than a symbolic gesture as global oil prices rebounded to a one-week high…
NTD Business Full Broadcast (Nov. 23)
President Biden, releasing oil reserves — in a bid to lower gas prices. What are Republicans suggesting? We have analysis. Thanksgiving is coming soon. If you have trouble to find your favorite wine or spirit, lack of glass bottles may be the reason. Apple and Amazon fined by Italy for hundreds of million of dollars,…
NTD Business Full Broadcast (Nov. 19)
The House passes President Biden’s social spending plan. What happens next? And what are lawmakers saying about it? The Biden administration asking China to release its oil reserve, to help ease gas prices, it’s the first time ever. And Thanksgiving dinner getting much more expensive this year — we ask some shoppers how are they dealing…
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