US Companies to Increase Oil Production Amid Iran Conflict, Interior Secretary Burgum Says
(Reuters) – U.S. Interior Secretary Doug Burgum said on Wednesday that U.S. oil companies will soon announce increased production amid price spikes due to the ongoing Iran conflict. “I think…
Trump to Invoke Emergency Law for California Oil Producer Sable, Bloomberg News Reports
(Reuters) – U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News…
Only Trump Can Approve Possible US Participation in Oil Release, Says Burgum
(Reuters) – U.S. Interior Secretary Doug Burgum on Wednesday welcomed the International Energy Agency’s move to release 400 million barrels of oil, but said only President Donald Trump could approve…
Oil Settles up Nearly 5% as Supply Fears Mount Despite Record Stocks Release Plan
Summary Three more vessels hit in Strait of Hormuz Fourteen ships struck since Iran war began IEA proposes release of 400 million barrels of oil Analysts call release insufficient to…
COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock
By LONDON, March 11 (Reuters) – The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating…
US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On
The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as…
Trump Announces New US Refinery Backed By India’s Reliance
By and India’s Reliance to invest in refinery, buy output Deal likely to reduce trade deficit with India Fuel prices spike as US, Israel attack Iran HOUSTON, March 10 (Reuters)…
COMMENTARY: Iran War Shatters Trump’s Case for Fossil Fuels
By LONDON, March 11 (Reuters) – The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years – first with Russia’s…
COMMENTARY: The Dangerous Politics of US Oil-Driven Redistribution
By LONDON, March 11 (Reuters) – U.S. stock market indexes have weathered this month’s oil shock well so far because investors expect only a glancing overall GDP hit from higher…
IEA Proposes Largest Ever Oil Release From Strategic Reserves, WSJ Reports
The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran,…
