Oil

Trump Admin Launches Massive Gulf Oil Lease Sale for December

The Trump administration has scheduled a major offshore oil and gas lease sale in the Gulf of America for December 10, 2025.

Oil Prices Surge as American Demand Strengthens

U.S. oil and fuel inventories dropped sharply last week, signaling powerful American demand that is pushing prices higher.

Strait of Hormuz Shipping Chaos, Rates Skyrocket 76%

Shipping costs surged across the Middle East in June, with rates from Shanghai to the UAE’s Port of Khor Fakkan jumping 76% due to fears over Iran-Israel tensions. Despite President Donald Trump's announcement of a ceasefire on Monday, risks remain high for global shipping lanes, particularly through the Strait of Hormuz.

Oil Prices Plunge as Iran’s Retaliation Falls Flat, Ceasefire Announced

Oil prices dropped sharply on Monday after Iran's limited response to U.S. airstrikes and the announcement of a ceasefire between Iran and Israel.

Rubio Warns Iran Close Hormuz, Face Fallout

On this week’s “Sunday Morning Futures” on Fox News, Secretary of State Marco Rubio issued a sharp warning about Iran’s potential to disrupt global oil flows by closing the vital Strait of Hormuz. Rubio emphasized that such a move would mark a “massive escalation” and compel a coordinated international response.

Trump Admin Moves to Unleash Alaskan Oil

The Trump administration is taking strides to repeal a Biden-era rule that banned oil drilling in Alaska.

Trump’s Bold Move, 28-Day Energy Permits Are Here

The Department of the Interior, under Secretary Doug Burgum, announced on Wednesday a sweeping reform to dramatically accelerate the permitting process for energy and mineral development. Permits that once took years will now be reviewed in as little as 28 days, a move driven by President Donald Trump’s National Emergency Declaration to boost national energy security.

Newsom Urges Oil Business to Remain in State

California Governor Gavin Newsom (D) sent a letter to California Energy Commission (CEC) Vice Chair Siva Gunda, urging him to take action to ensure that the oil business remains in the state.

Texas Is Winning the Energy War

Texas energy producers are setting new records in oil and natural gas output while cutting methane emissions, defying critics who continue to blame the industry for environmental harm. A new report from Texans for Natural Gas, a campaign under the Texas Independent Producers and Royalty Owners Association (TIPRO), confirms substantial environmental progress alongside historic energy production in the Permian Basin.

Venezuela’s Plea to Oil Giants: Defy U.S. Sanctions and Stay

The Venezuelan government is appealing to foreign oil and gas companies to maintain their operations in the country despite the recent revocation of U.S. licenses that previously permitted such activities.

Latest news

- Advertisement -spot_img