There are various goodies for the oil, gas, and coal industries in the big tax and spending bill that passed the House of ...

President Trump and OPEC both want increased oil production, but there could be a solution to their difference on opinion on ...

U.S. crude oil inventories rose by 1.3 million barrels last week, while stocks of gasoline and diesel increased amid higher ...

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Crude oil stocks, not including the SPR, stood at 443.2 million barrels on May 16, the EIA's latest weekly petroleum status ...

The Energy Department has announced proposals to cut dozens of energy efficiency and other rules in what it is describing as ...

WASHINGTON, DC, May 12, 2025 (ENS) – The U.S. Department of Energy is undertaking what the Trump administration calls the ...

The Strategic Petroleum Reserve currently holds 687.7 million barrels of oil in salt caverns and tanks at designated locations in Texas and Louisiana, which allow for quick distribution when ...

“International crude oil prices are volatile, so every country maintains some reserves — generally up to 120 days. But in ...

US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve WASHINGTON (Reuters) -A U.S. House committee released a budget proposal that includes more than $1.5 billion to ...

The world's largest crude-oil exporter announced a billion-dollar-plus drop in profits for the first quarter of the year, ...

So, what’s the solution? Using increased OPEC volumes to fill the depleted U.S. Strategic Petroleum Reserve (SPR), says Mukesh Sahdev, global head of oil commodity markets for consulting form ...