President Joe Biden plans to release a million barrels of oil a day from U.S. reserves for six months. President Joe Biden delivered his strongest endorsement of oil on Thursday, Continue Reading
California, gripped entirely in drought, proposed a $2.9 billion plan to pay farmers to reduce some of their plantings in an effort to better manage water resources. The voluntary agreement Continue Reading
Strong demand and tight inventories are leading drivers to snatch up vehicles as soon as they hit the lot. Auto makers are expected to report weak vehicle sales for the Continue Reading
The U.S. Administration is mulling over whether to temporarily remove the summertime restriction on the sale of the higher-ethanol gasoline varieties in another policy attempt to lower high gasoline prices, Continue Reading
U.S. crude oil production has risen—albeit modestly—for the first time in ten weeks, the latest EIA data shows. Weekly U.S. field production of crude oil rose to 11.7 million barrels Continue Reading
The U.S. on Thursday levied sanctions on nearly three dozen Russian companies and individuals that the Treasury Department said are helping Moscow evade the West’s economic pressure campaign and aiding Continue Reading
U.S. commercial crude stocks and the country’s strategic reserves both fell in the most recent week as refiners ramped up output amid global supply tightness, the Energy Information Administration said Continue Reading
High pump prices appear to be deterring U.S. drivers at a time when gasoline demand typically picks up with warmer weather. A third straight weekly decline in gasoline demand brought Continue Reading
The next five-year offshore leasing program must be in place by July 1 – but it’s well behind schedule. Jeopardized American energy security and a cost of thousands of U.S. Continue Reading
The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the Continue Reading
