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