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 ...

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

A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the ...

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

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

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

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 ...

Being import-dependent, both countries are vulnerable in times of conflict and must focus on building strategic reserves ...

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 ...