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…
Read MoreEnergy Department Receives Bids for SPR Emergency Oil Exchange
The action is part of the International Energy Agency agreement that coordinated national strategic reserve releases. The U.S. Department of Energy opened competitive bidding last week for an…
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Treasury Secretary Outlines Potential Sanctions on China for Financial Support to Iran
The economic pressure on Iran contributed to the reopening of the Hormuz Strait. Treasury Secretary Scott Bessent discussed the “secondary sanctions“ the United States has threatened to impose…
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Federal Program Invests in Gas Pipeline Infrastructure Modernization
The funding supports repairs and safety upgrades for aging local distribution systems. The Pipeline and Hazardous Materials Safety Administration (PHMSA) announced $98 million in funding for projects directed…
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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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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…
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President 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…
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Energy 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…
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