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

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 ...

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, ...

U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to ...

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

Brent crude futures inched down 10 cents, or 0.15%, by 0008 GMT to $66.53 a barrel. U.S. West Texas Intermediate (WTI) crude ...

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 ...