Typhoon Sinlaku closed in on a group of remote U.S. territories in the western Pacific Ocean, bringing extremely powerful winds, thunderstorms and widespread flooding as it barreled over the northern Marianas Islands, forecasters said. The storm initially arrived as a super typhoon — the strongest to develop anywhere in the world in 2026 — before … Read more
The Trump administration announced Wednesday that it would release 172 million barrels of oil from the Strategic Petroleum Reserve. James Bikales, energy reporter for Politico, joins CBS News to discuss what impact that may have on gas prices. Source link
President Trump ordered the release of 172 million barrels of oil from the United States’ Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.’s war with Iran. The releases will start next week and take about 120 days, Energy Secretary Christopher Wright said Wednesday in a … Read more
The International Energy Agency (IEA) said on Wednesday it would release 400 million barrels of oil from emergency reserves, the largest release in the multinational organization’s history. The announcement comes as the Strait of Hormuz remains effectively closed because of the Iran War. Normally, roughly a fifth of the world’s oil supply flows through the … Read more
The International Energy Agency said Wednesday that member countries had unanimously agreed to release 400 million barrels of oil from their reserves in a bid to ease prices that are soaring due to the Iran war. “The oil market challenges we are facing are unprecedented in scale, therefore I am very glad that IEA Member … Read more
NEWYou can now listen to Fox News articles! A group of two dozen state attorneys general sued President Donald Trump on Thursday in an effort to block his new 10% tariffs from taking force — a move that all but ensures Trump’s newly revived tariff regime will end up back before the federal courts for the … Read more
WASHINGTON — The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December, another step by President Donald Trump’s administration to assert power over the country’s oil sector after capturing leader Nicolás Maduro. It’s the first … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. UP NEXT More than 30 inches of snow in parts of Massachusetts 00:56 Historic blizzard grounds nearly all air travel in Northeast 01:00 Historic blizzard to bring heavy snow, dangerous conditions across the Northeast 02:28 New Jersey Gov. Mikie Sherrill … Read more