Energy

The licenses do not authorize transactions with entities connected to Russia, Iran, North Korea, Cuba, and China.

States and utilities can submit applications to secure funding by May 20, with the department set to select projects by August.

The United States ‘obliterated’ military targets on Kharg Island but left its oil infrastructure intact for now, Trump said.

Chinese refineries are the primary buyers of Iranian crude oil.

Bessent said naval protection, strategic reserves and financial buffers are in place as Washington weighs risks to shipping, allies and global energy supplies.

Energy markets could experience significant shifts in global production and distribution in the long term, experts say.

Treasury Secretary Scott Bessent said the move aims to promote stability in global energy markets amid the ongoing conflict with Iran.

Deep Fission plans to drill three test holes in rural Kansas as part of a larger project to develop small modular nuclear reactors.

The president may issue temporary Jones Act waivers to send Gulf of America oil to domestic plants to boost volume and stymie skyrocketing fuel costs.

Market stability depends on reopening Hormuz shipping lanes, the IEA said in its March market outlook.

Oil prices have rebounded as Iran’s blockade of the Strait of Hormuz deepens, with analysts warning the energy shock could spill into fertilizer and food.

The move follows an earlier announcement by the International Energy Agency, whose member nations pledged to make 400 million barrels of oil available.

EU Commission President Ursula von der Leyen said Europe’s first responsibility is to protect citizens and prepare for the impact of the Middle East conflict.

The America First Refining project at Port of Brownsville aims to convert U.S. shale oil into gasoline and diesel for domestic markets.

One vessel caught fire and crews evacuated after overnight strikes on cargo ships, underscoring mounting threats to global shipping routes amid the Iran war.

It would be relatively simple for the Iranian Revolutionary Guard Corps to completely shut down shipping traffic in the Hormuz Strait, experts say.

Global production is expected to outpace global consumption once Strait of Hormuz traffic stabilizes.

The oil company says Texas officials and citizens are ‘more familiar’ with the industry and more invested in the company’s success.

The military operation against Iran is ‘very complete, pretty much,’ the president said.

The president said skyrocketing oil prices are a short-term price to pay for eliminating a half-century of the Iranian regime’s menace in the strait.

The licenses do not authorize transactions with entities connected to Russia, Iran, North Korea, Cuba, and China.

States and utilities can submit applications to secure funding by May 20, with the department set to select projects by August.

The United States ‘obliterated’ military targets on Kharg Island but left its oil infrastructure intact for now, Trump said.

Chinese refineries are the primary buyers of Iranian crude oil.

Bessent said naval protection, strategic reserves and financial buffers are in place as Washington weighs risks to shipping, allies and global energy supplies.

Energy markets could experience significant shifts in global production and distribution in the long term, experts say.

Treasury Secretary Scott Bessent said the move aims to promote stability in global energy markets amid the ongoing conflict with Iran.

Deep Fission plans to drill three test holes in rural Kansas as part of a larger project to develop small modular nuclear reactors.

The president may issue temporary Jones Act waivers to send Gulf of America oil to domestic plants to boost volume and stymie skyrocketing fuel costs.

Market stability depends on reopening Hormuz shipping lanes, the IEA said in its March market outlook.

Oil prices have rebounded as Iran’s blockade of the Strait of Hormuz deepens, with analysts warning the energy shock could spill into fertilizer and food.

The move follows an earlier announcement by the International Energy Agency, whose member nations pledged to make 400 million barrels of oil available.

EU Commission President Ursula von der Leyen said Europe’s first responsibility is to protect citizens and prepare for the impact of the Middle East conflict.

The America First Refining project at Port of Brownsville aims to convert U.S. shale oil into gasoline and diesel for domestic markets.

One vessel caught fire and crews evacuated after overnight strikes on cargo ships, underscoring mounting threats to global shipping routes amid the Iran war.

It would be relatively simple for the Iranian Revolutionary Guard Corps to completely shut down shipping traffic in the Hormuz Strait, experts say.

Global production is expected to outpace global consumption once Strait of Hormuz traffic stabilizes.

The oil company says Texas officials and citizens are ‘more familiar’ with the industry and more invested in the company’s success.

The military operation against Iran is ‘very complete, pretty much,’ the president said.

The president said skyrocketing oil prices are a short-term price to pay for eliminating a half-century of the Iranian regime’s menace in the strait.