Oil

The Biden administration's choice to sell 50% of the US oil reserves has ignited debates concerning the country's readiness and ability to handle possible crises. The Strategic Petroleum Reserve (SPR), was established to protect the…

Amid rising tensions, a daring action is underway as a vessel, believed to transport sanctioned Iranian oil, starts unloading its contentious cargo along the Texas shoreline. The unfolding situation has heightened international scrutiny…

Oil prices significantly increased on Thursday, breaking beyond the $80 barrier for the first time since April. This surge came as the sharp cooling of US inflation instilled hopes among investors that the US Federal Reserve would back…

As fresh economic worries in China and the United States weighed on demand growth in the short term, the oil prices fell on May 12, aiming for a fourth consecutive weekly loss. This could lead to increased volatility in the oil markets.…

On Sunday, Saudi Arabia and other OPEC+ oil producers announced further oil cuts of around 1.16 million barrels per day. Analysts predicted that the unexpected action would result in an immediate price increase, and the United States deemed…

Even as a legal battle rages over the Biden administration's suspension of the leasing program two years ago in an effort to combat climate change, a federal court has ordered the US government to resume regular oil and gas lease sales on…

In facilitating Friday's reconciliation negotiations between Iran and Saudi Arabia, which saw the two Middle Eastern nations reestablish diplomatic ties after years of antagonism, China is maintaining it had no hidden objectives. China…

A group of environmental organizations filed a complaint against the Bureau of Ocean Management (BOEM) on Monday, claiming the sales of leases the bureau made in the Gulf of Mexico were illegal. The plaintiffs claimed in the lawsuit that…