2.4 million barrels purchased for $75 per barrel delivered to facility. The Department of Energy (DOE) announced that it has fully replenished the U.S. Strategic Petroleum Reserve (SPR). President…
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SCOTUS Requests Administration Input on Hawaiian Oil Lawsuit
The solicitor general from the Justice Department will file a brief with the administration’s position. The Supreme Court requested input from President Biden’s administration over an appeal submitted…
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Administration Restricts Alaska Drilling and Mining
President Biden’s administration continues to pursue its conservation agenda. The Department of the Interior (DOI) has designated millions of acres in Alaska off-limits for oil drilling and critical…
Read MoreEnergy Department Cancels Oil Purchases for Strategic Petroleum Reserve
The administration cites high oil prices for the delay in refilling low stock. The Department of Energy (DOE) announced it has canceled two upcoming oil purchases that would…
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U.S. Coast Guard Reports Progress on Oil Spill Clean-Up
The spill was reported near one of two drilling platforms over 2 miles from shore. The U.S. Coast Guard reported that there was no apparent oil sheen on…
Read MoreEnergy Secretary Says SPR Will Be Refilled In The Next Presidential Term
The emergency oil stockpile is at a 40-year low. U.S. Secretary of Energy Jennifer Granholm recently stated that the oil levels of the Strategic Petroleum Reserve (SPR) will…
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U.S. Navy Prevents Iran from Capturing 2 Oil Tankers
Both commercial vessels were near the Strait of Hormuz. The U.S. Navy reported that an attempt by Iranian forces to capture two oil tankers was foiled by an…
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Interior Department Bans New Oil Leases Around Chaco Canyon
The policy to be in effect for 20 years. The Department of the Interior announced that new oil and gas drilling leases will not be issued on public…
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Secretary Blinken Meets With Saudi Crown Prince
Saudi Arabia announced it would decrease oil output after a weekend meeting of OPEC+. On his second trip to Saudi Arabia, Secretary of State Antony Blinken met with…
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Iran Seizes Second Oil Tanker Bound for U.S.
U.S. Navy reports the second incident in a week. The United States Navy reported that a second oil tanker was seized in the Strait of Hormuz by the…
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