Oil

Trump Demands Action on Gas Prices

President Trump went after gas prices this week, urging oil companies to lower their prices for American consumers.

White House Moves to Reopen Shuttered Refineries as Gas Hits $4.10

The Trump administration is pushing to reopen closed oil refineries across the United States, including a dormant facility in the U.S. Virgin Islands, as gasoline prices remain elevated above $4.10 per gallon amid the ongoing Iran war.

Trump Weighs Oil Deal with Iraq

President Trump announced during a meeting with Iraq's Prime Minister Ali al-Zaidi that oil deals are in the works.

Trump Cancels Planned Strike on Iran

President Trump announced that he has canceled a plan to strike Iran.

Houthis Threaten to Choke Global Oil Supply

One-third of the world's oil shipments could soon be in jeopardy as Iran's Yemeni allies escalate their stranglehold on critical shipping lanes, with leaders warning that closing the Bab-el-Mandeb Strait to Israel is only the beginning.

Taliban Opens New Oil Wells

The Taliban opened five new oil wells in Afghanistan earlier this year, reports indicate.

Trump Admin Fast-Tracks Alaskan Resources

The Department of the Interior is taking steps to streamline the permitting process for oil and gas infrastructure in Alaska's National Petroleum Reserve.

US Moves to Relieve Oil Prices

The United States announced that it will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated prices.

California’s Last Middle East Tanker Just Docked

The final oil tanker from the Middle East arrived at the Port of Long Beach on Monday, and California's oil industry unloaded on the state's Democratic leadership the same day it arrived.

U.S. Releases More Than 90 Million Oil Barrels

The United States may release up to 92.5 million barrels of crude oil from its Strategic Petroleum Reserve (SPR).

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