The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.
Read More »US-Caused Oil Spike will Slow Growth. add to Tariff Impact
The US president had launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia.
Read More »Oil Companies Struggle to Navigate Trump on Steel Tariffs
U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.
Read More »Current Level of Oil Prices Stems from US Trade War
A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.
Read More »Nord Stream 2. an International Project
US President Donald Trump had chastised Germany for buying Russian natural gas and for working on the pipeline.
Read More »Trump Eyes US Oil Reserve to Lower Prices at the Pump
Critics say using the oil reserve for anything other than an oil supply disruption is unwise.
Read More »Trump Puts Political Pressure on Nord Stream 2
US sanctions against companies involved in Nord Stream 2 could be in the pipeline.
Read More »EU Firms Ask US to Let Them Trade with Iran
Germany. Britain and France have asked the Trump Administration to provide exemptions for EU companies.
Read More »US Asks UN to Stop All Oil Transfers to North Korea
North Korea has already exceeded the annual cap allowed for oil imports.
Read More »Putin and Trump to Discuss Oil Prices at Summit in Helsinki
President of Russia Vladimir Putin and US leader Donald Trump are going to discuss oil prices at the summit in Helsinki.
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