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…
Read MoreOil and gas production
President Warns Iran Against Further Attacks on Qatar
The regime struck a liquified gas facility after Israel attacked an Iranian gas field. President Donald Trump issued a warning to whoever is running the Iranian regime after…
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 Issues Warning to Iran Over the Strait of Hormuz
Iran reportedly began laying naval mines in the strait during Operation Epic Fury. President Donald Trump stated that there would be severe consequences for Iran if they lay…
Read MoreEnergy Secretary Issues Emergency Order to Keep Critical Mid-Atlantic Generation Operational
The order requires two Eddystone Units to remain available through May 2026. U.S. Secretary of Energy Chris Wright issued an emergency order directing PJM Interconnection L.L.C. (PJM) and…
Read MorePresident Trump Orders Risk Insurance for Tankers Transiting the Strait of Hormuz
The U.S. Development Finance Corporation is to provide insurance and guarantees. President Donald Trump announced a plan to secure the transit of oil tankers through the Strait of…
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…
Read MoreAdministration 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…
Read MoreOFAC Sanctions Iran’s “Shadow Fleet” of Oil Vessels
The agency says that the Iranian ships carry products that fund proxies and missiles. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on…
Read MoreU.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…
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