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
The U.S. and Israel underestimated Iran’s capabilities and it’s unlikely the regime will collapse, according to a Middle East analyst, who warned that Iran could now be more determined to obtain nuclear weapons. In an interview with CBS News on Tuesday, Danny Citrinowicz, a nonresident fellow at the Atlantic Council, a nonpartisan think tank, said … Read more
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
Outside groups are already spending more than $5 million in hopes of unseating GOP Rep. Thomas Massie of Kentucky in a May primary after President Trump called for his defeat. So far, federal campaign finance records show that anti-Massie forces have dominated much of the outside spending picture in the Kentucky contest where the congressman … Read more
The Federal Trade Commission said Wednesday that it will send a total of $47.2 million in refunds to hundreds of thousands of consumers who the agency alleges were deceived by Invitation Homes, the largest single-family home leasing company in the U.S. Invitation Homes agreed to issue the refunds as part of a settlement with the … Read more
NEWYou can now listen to Fox News articles! EXCLUSIVE: House Majority Leader Steve Scalise, R-La., is hammering Democrats over the partial government shutdown as its effects begin to hit millions of travelers at airports across the country. “This is expected to be one of the busiest spring travel seasons on record. Over 171 million travelers … 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
Live Nation, the parent company of Ticketmaster, has agreed to pay $280 million in civil penalties to 40 states that sued the company on antitrust grounds. As part of the settlement, Ticketmaster must also open technology to allow other ticket sellers to use its platform to reach customers, multiple sources told CBS News. Yasmin Khorram, … Read more
The Los Angeles Police Department has identified the woman arrested for allegedly firing several shots at the Beverly Hills home of pop music star Rihanna. The LAPD identified the woman as 35-year-old Ivanna Ortiz. She has been booked for attempted murder and her bail has been set at $10.225 million. Officers were dispatched to the Beverly … Read more