Oil

Trump Rescinds 78 Biden Executive Actions, Targets Border, DEI, and Climate Policies

President Donald Trump wasted no time dismantling key policies from the Biden administration, rescinding 78 of Biden’s executive actions on Monday night. The sweeping order reverses a range of initiatives on diversity, border policy, and climate regulations that defined Biden’s presidency.

Trump’s 2025 Inauguration: Key Executive Orders

Following the swearing-in, President Trump promptly initiated a series of executive actions aimed at reversing several policies from the previous administration.

Michigan Sees Stark Increase in Gas Prices

Michigan drivers are feeling the pinch at the gas pump this week, with gas prices rising 12 cents since last week, according to AAA.

Trump Team Reportedly Developing Sanctions Strategy for Russia-Ukraine Peace Deal

Incoming officials in President-elect Donald Trump’s administration are reportedly crafting a sanctions strategy aimed at expediting a resolution to the Russia-Ukraine conflict. According to Bloomberg, the plan includes options to pressure Moscow while managing global oil market stability amid existing sanctions on major producers like Russia, Iran, and Venezuela.

Saudi Arabia Announces Plans to Produce and Export Enriched Uranium Amid Growing Nuclear Ambitions

Saudi Energy Minister Prince Abdulaziz bin Salman announced Monday that the Kingdom plans to produce "yellowcake," a uranium concentrate used as fuel for nuclear power plants, and to enrich and sell uranium globally. The statement, made at an energy conference, highlights Saudi Arabia’s ambitions to expand its nuclear program and diversify its economy beyond oil.

Biden Defends Foreign Policy Achievements as Trump Transition Nears

President Joe Biden delivered a speech at the State Department on Monday, reflecting on his foreign policy achievements as his presidency enters its final week.

JD Vance Criticizes Biden Administration’s Legacy as a ‘Dumpster Fire’

Vice President-elect JD Vance has sharply criticized the Biden administration, labeling its economic and policy legacy as a "dumpster fire" during an appearance on Fox News Sunday. Vance’s remarks come as President-elect Donald Trump prepares to assume office after a contentious election.

Chevron Joins Major Companies in Supporting Trump’s Inaugural Fund

Chevron announced plans to donate to President-elect Donald Trump's inaugural fund, according to a statement from company spokesperson Bill Turenne on Thursday.

Sweden Shuts Historic Churches for Winter to Meet Climate Goals

The Church of Sweden has announced the seasonal closure of seven medieval churches from October to May in an effort to meet its climate objectives. The decision aligns with the church’s goal to become fossil-fuel-free by 2027.

Trump Announces $20 Billion Investment, Oil Drilling Expansion at First Post-Certification Press Conference

President-elect Donald Trump addressed the nation Tuesday in his first press conference since Congress certified his election victory. Speaking from his Mar-a-Lago estate, Trump unveiled a series of economic initiatives, including a $20 billion investment in U.S. data centers and plans to reverse President Biden's restrictive energy policies.

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