Crude Oil

The Biden administration has quietly approved plans to build a new crude oil terminal in the Gulf of Mexico off Texas, seemingly in contradiction to the president’s past comments on the consumption of fossil fuels and carbon emissions.

Almost one million acres off the coast of Alaska will be auctioned off by the Biden administration next month for oil and gas drilling.

Leaders from Saudi Arabia and China said on Friday that the two nations will strengthen cooperation on energy after the Islamic kingdom’s falling out with the United States.

The White House announced on Tuesday that President Joe Biden would release 15 million barrels of oil from the Strategic Petroleum Reserve.

The governments of Hungary and Serbia have agreed to construct a pipeline that will carry oil from the Russian Urals to Belgrade.

Tech entrepreneur Elon Musk told reporters in Norway on Aug. 29 that, while sustainable energy sources should be developed, the world must continue to...

Although our legacy media have dutifully described the Chuck Schumer (D-N.Y.)/Joe Manchin (D-W.Va.) climate bill as the “Inflation Reduction Act,” it’s no stretch to call that a misnomer.

Americans for Tax Reform (ATR) has listed several taxes in the so-called “Inflation Reduction Act” that passed the Senate on Sunday — which Democrats now hail as a “climate” bill, since the Congressional Budget Office says it will hardly reduce inflation.

China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the world’s most important technology and manufacturing relationships.

The oil comes from the United States oil reserves.