US Oil

Houthis Strike Dutch Cargo Ship in Gulf of Aden, Escalate Threats Against U.S. Oil Firms

Yemen’s Iran-backed Houthi rebels claimed responsibility Wednesday for a cruise missile attack that left a Dutch-flagged cargo ship ablaze and adrift in the Gulf of Aden. The strike, which seriously damaged the Minervagracht and injured two crew members, marked the most significant escalation in months by the group outside the Red Sea corridor.

Houthis Threaten U.S. Oil Giants with Deadly Attacks

The Iran-backed Houthi insurgents in Yemen have announced so-called “sanctions” against 13 major American oil companies, including ExxonMobil, Chevron, ConocoPhillips, and Marathon Petroleum. The announcement was made Tuesday through the group’s “Humanitarian Operations Coordination Center,” a front used by the militants to issue threats under the guise of diplomatic language.

Biden Faces GOP Backlash Over Record SPR Depletion in Election Year

The sale of the first 30 million of the 180 million barrels of oil from the Strategic Petroleum Reserve (SPR) by the Biden administration...

U.S. Oil Producers Enjoy Most Profitable Six Months Ever

They reaped a windfall of hundreds of billions of dollars since February, according to the report.

Foreign Policy Fail: Biden’s Sanctions Are a Windfall for Russia

It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election.

US oil & gas infrastructure crisis may be worse than thought

The US oil and gas infrastructure crisis appears to be worse than originally thought, with the impact of the Texas storm earlier this year highlighting major problems.

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