The participating companies will replace the crude oil next year with more than they borrowed. The U.S. Department of Energy announced an emergency exchange from the Strategic Petroleum…
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Third U.S. Carrier Strike Group Heads to Middle East
Persian Gulf oil exports have also returned to near pre-war levels. The USS Theodore Roosevelt group and the Makin Island Amphibious Ready Group have departed the United States…
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Treasury Secretary Provides Update on Operation Economic Outcast
He projected that the Iranian regime will make its final oil delivery to China within two weeks. Treasury Secretary Scott Bessent stated that his department’s Operation Economic Outcast…
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White House Announces President’s Venezuelan Oil Investment Deal
The deal will give the United States majority control of over 65 billion barrels of oil. The White House announced that President Donald Trump has secured a massive…
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Bureau of Land Management Reports Record Second Quarter Oil and Gas Lease Sales
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…
Read MorePresident 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…
Read MoreEnergy 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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