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Adapting the Federal Reserve’s playbook for commodity risk
Saudi-led reduction of more than 1mn barrels per day puts Riyadh on collision course with US
Biden administration announces ‘pilot’ purchase of 3mn barrels following unprecedented sales
Riyadh’s energy minister says Opec+ supply cuts were needed to provide future production buffer
US president authorises sale of 15mn barrels as Democrats battle high petrol prices ahead of midterms
Biden administration plans to repurchase 60mn barrels at lower prices in future
Biden administration will inject 1mn barrels a day into market over the next six months
White House weighs voter anger on rising costs against pledge to lead clean energy transition
Release of 50m barrels of crude would cover half a day of global consumption
President’s move will do little to help drivers in the near term
Plus, the energy transition spells trouble for high-cost oil producers
Energy secretary Jennifer Granholm says ‘all tools are on the table’
Sector taps former energy secretary Rick Perry and seeks block on some imports
Trump administration orders boost for strategic storage network
Fuel processing capacity increasingly consolidated in the hurricane-prone Gulf coast
Industry fears market will become vulnerable once Beijing curtails its stockbuilding
Fuel stored at sea is more than a day’s worth of global consumption
Savings come from minor tax and spending tweaks, a spectrum auction and strategic oil reserve sales
Country’s purchases rise above 7m barrels a day as prices plunge
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