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…
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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…
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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…
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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…
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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…
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SCOTUS Requests Administration Input on Hawaiian Oil Lawsuit
The solicitor general from the Justice Department will file a brief with the administration’s position. The Supreme Court requested input from President Biden’s administration over an appeal submitted…
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Administration Restricts Alaska Drilling and Mining
President Biden’s administration continues to pursue its conservation agenda. The Department of the Interior (DOI) has designated millions of acres in Alaska off-limits for oil drilling and critical…
Read MoreEnergy Department Cancels Oil Purchases for Strategic Petroleum Reserve
The administration cites high oil prices for the delay in refilling low stock. The Department of Energy (DOE) announced it has canceled two upcoming oil purchases that would…
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U.S. Coast Guard Reports Progress on Oil Spill Clean-Up
The spill was reported near one of two drilling platforms over 2 miles from shore. The U.S. Coast Guard reported that there was no apparent oil sheen on…
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