This new schedule represents the most active offshore oil and gas leasing plan in decades. The Interior Department recently released a five-year plan in support of offshore oil…
Read MoreCrude Oil
Energy Department Moves to Refill Strategic Petroleum Reserve
Contracts have been awarded to companies, and one million barrels of crude oil have been purchased. The Department of Energy (DOE) has awarded contracts to acquire approximately one…
Read MoreDOE to Purchase 1 Million Barrels to Refill Strategic Petroleum Reserve
Initiative begins long-term plan to strengthen U.S. energy security and rebuild reserves. The U.S. Department of Energy (DOE) recently announced it will buy one million barrels of domestically…
Read More
Treasury Department Sanctions 50 More Iranian Entities
The fourth round of new sanctions seeks to pressure the oil and gas network. The Treasury Department’s Office of Foreign Assets Control (OFAC) recently announced sanctions on 50…
Read MoreDOE Releases Oil from Strategic Reserve to Address Gulf Coast Supply Disruption
Exchange with ExxonMobil seeks to stabilize fuel availability amid refinery slowdown The U.S. Department of Energy (DOE) recently approved the temporary exchange of up to 1 million barrels…
Read More
U.S. Treasury Implements Sanctions on Houthi Oil Smuggling Network
The action targets front companies, operatives, and vessels linked to illegal oil trade and weapons procurement supporting Iran-backed Ansarallah. This month, the U.S. Department of the Treasury’s Office…
Read More
Secretary Rubio Advises China to Warn Iran Against Closing the Strait of Hormuz
On Monday, China called on the Middle Eastern nation not to disrupt the transportation of oil. Secretary of State Marco Rubio urged China on Sunday to advise Iran…
Read More
Interior Secretary Promotes National Resources as Assets
He pledges that the U.S. will make more oil and gas leases available. Interior Secretary Doug Burgum spoke before thousands of oil and gas executives this week during…
Read More
House Passes Bill to Protect Oil Drilling from Presidential Ban
The “Protecting American Energy Production Act” requires Congressional approval for a president to pause fracking. The House of Representatives passed the “Protecting American Energy Production Act,” which would…
Read MoreEnergy Department Replenishes SPR with Final Oil Purchase
2.4 million barrels purchased for $75 per barrel delivered to facility. The Department of Energy (DOE) announced that it has fully replenished the U.S. Strategic Petroleum Reserve (SPR). President…
Read More