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…
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Energy 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…
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President 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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Administration Provides Oversight on Changes to Venezuelan Oil Industry
The interim president signed a law opening up privatization as the U.S. secretary of state testifies on the administration’s intentions before the Senate. President Donald Trump and Secretary…
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U.S. Captures 6th Venezuelan Oil Tanker
U.S. Southern Command stated the vessel was attempting to defy U.S. sanctions against Venezuela. U.S. forces boarded and seized a Guyana-flagged crude tanker this past week that attempted…
Read MoreU.S. Forces Seize Sanctioned Oil Tankers
Crews are expected to face prosecution for transporting sanctioned Venezuelan oil. The U.S. military and Coast Guard announced that they seized two sanctioned oil tankers this week –…
Read MoreDOJ and FBI Announce Details of Oil Tanker Seized Under Judicial Warrant
The tanker, already under U.S. sanctions, sought to conceal its identity and location. The Department of Justice unsealed a warrant issued by a District of Columbia U.S. District…
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Interior Department Releases Five-Year Plan for Offshore Drilling Leases
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 MoreEnergy 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…
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