A record-breaking $4.1 billion in oil and gas lease sales was generated in support of the president’s Energy Dominance initiative. The U.S. Bureau of Land Management (BLM) announced that a…
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President Responds to Houthi Attacks on Oil Tankers in Red Sea
He says he’ll hold Iran responsible for the Yemen proxy’s actions. President Donald Trump responded after the Houthis of Yemen claimed responsibility for missile and drone attacks on…
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State Department Announces Iraq-Syria Crude Oil Pipeline
The agreement was reached on U.S. soil in an effort to reduce dependency on the Strait of Hormuz. The Department of State announced Iraq and Syria’s intent to…
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President Trump Announces Peace Deal with Iran
Pakistan confirms the signing of the finalized agreement for this Friday. President Donald Trump announced on Sunday that a peace deal with Iran had been finalized. “The Deal…
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Treasury Secretary Extends Waiver on Russian Sanctions
The waiver allowing the sale of Russian oil has been extended for another 30 days, and is expected to generate about $150 million per day. U.S. Treasury Secretary…
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Energy Department Awards Contracts from SPR for Emergency Exchange
Members of the International Energy Agency are seeking to relieve oil supply disruptions. The Department of Energy announced the awarding of contracts for the exchange of roughly 53.3…
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Secretary of State Provides Update on Venezuela
The situation in Venezuela is said to have stabilized, and recent developments are provided from the lens of the federal official. Secretary of State Marco Rubio recently offered…
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Pakistani Minister Confirms U.S. Negotiating Indirectly with Iran
Iran allowed oil tankers to pass through the Strait of Hormuz as a sign of good faith. Pakistani Foreign Minister Ishaq Dar confirmed that the United States is…
Read MoreEnergy Department to Draw Down SPR as Part of IEA Coordinated Oil Release
The administration plans a 20 percent replacement for the amount of barrels released. Energy Secretary Chris Wright announced the drawdown of oil from the Strategic Petroleum Reserve as…
Read MorePresident Trump to Visit Venezuela and Meet with Interim President Rodriguez
The energy secretary recently traveled there to discuss potential energy deals. President Donald Trump announced his intention to visit Venezuela, concurrently commending interim leader Delcy Rodriguez. President Trump’s…
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