Strategic Petroleum Reserve

The International Energy Agency (IEA) announced a unanimous decision by member countries to release 400 million barrels of crude oil from strategic reserves to count...

President Trump is extending a temporary waiver of the Jones Act for 90 days, beginning at 12 a.m. ET on May 18, the White House announced. The waiver, first issued ...

Following a U.S. military escalation with Iran and a near-term disruption to shipping through the Strait of Hormuz, oil prices have risen roughly 20%, pushing U.S. p...

The article explains why recent conflict-related closures of the Strait of Hormuz have produced a severe global oil supply shock, pushing crude above $110 a barrel a...

The newsletter reports several interconnected developments tied to the broader Middle East war and its global effects. Unknown attackers struck three commercial oil-...

The U.S. Treasury has issued a temporary license (effective until April 19) allowing the purchase of Iranian oil that was already loaded onto ships by 12:01 a.m. ET ...

After U.S. and Israeli strikes on Iran, global crude oil prices spiked (nearing $120/barrel) and have since settled around $100 — well above the pre-conflict level n...

President Trump ordered the release of 172 million barrels from the U.S. Strategic Petroleum Reserve (SPR) after oil prices jumped to multiyear highs amid the U.S. c...

The article discusses the current status and political debate surrounding the U.S. Strategic Petroleum Reserve (SPR). The Trump administration is gradually refilling...

The U.S. Environmental Protection Agency announced that, at the direction of the Trump administration, it will temporarily waive federal summer gasoline volatility r...