Energy Secretary Chris Wright and Interior Secretary Doug Burgum will urge the heads of top U.S. oil and gas companies in a call Thursday to increase drilling in a bid to lower oil prices, four people with direct knowledge of the call told POLITICO.
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Saudi Arabia is pressing the United States to scale back its war in the Middle East, fearing Iran could retaliate by blockading the Red Sea and paralysing the kingdom’s economy.
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The U.S. Navy has turned back 13 ships since its blockade of Iranian ports in the Persian Gulf and the Gulf of Oman began more than 24 hours earlier, the Pentagon said Thursday.
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The U.S. military on Tuesday said it has turned six ships around in its effort to “completely” halt trade from Iran’s ports — the first effort since President Trump imposed a blockade on the Strait of Hormuz.
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U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new oil and gas fields in the North Sea.
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Skyrocketing gas prices cemented Eric Janney’s decision in March to go electric for good.
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China’s teapots can rely on the highest volumes of Iranian crude sitting on tankers since January to blunt a potential supply crunch due to the U.S. blockade of the Strait of Hormuz, analysts say.
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Global oil consumption is slated to dip this year as high prices and scarce supplies bring "demand destruction," the International Energy Agency projected Tuesday.
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Whoever’s calling the shots in Iran wasted yet another chance for peace over the weekend, and now President Trump will again call Tehran’s bluff.
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The Ninth Circuit Court of Appeals has quashed a climate lawsuit brought by 18 young people in California against the U.S. Environmental Protection Agency alleging that the agency’s “discounting” policy unlawfully discriminates against children. In a ruling issued on April 9, the court affirmed a…
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