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Oil Settles up Nearly 5% as Supply Fears Mount Despite Record Stocks Release Plan

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Three more vessels hit in Strait of Hormuz Fourteen ships struck since Iran war began IEA proposes release of 400 million barrels of oil Analysts call release insufficient to ease supply woes US crude stocks up more than expected; fuel stocks drop (Reuters) – Oil prices settled ​up nearly 5% on Wednesday as fresh …

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Iran Has Laid About a Dozen Mines in Strait of Hormuz, Sources Say

CDN and International News, Latest / By

(Reuters) – Iran has deployed about a dozen mines in the Strait of Hormuz, two sources familiar with the matter said, in a move likely to complicate the reopening of the narrow waterway, an important route for shipping oil and liquefied natural gas. Exports of oil and LNG through the strategic chokepoint along Iran’s coast …

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Only Trump Can Approve Possible US Participation in Oil Release, Says Burgum

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. Interior Secretary Doug Burgum on Wednesday welcomed the International Energy Agency’s move to release 400 million barrels of oil, but said only President Donald Trump could approve participation by Washington in such a move. Burgum, speaking to CNBC, also said U.S. oil companies would soon announce increased production amid price spikes triggered …

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Trump to Invoke Emergency Law for California Oil Producer Sable, Bloomberg News Reports

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Shares of Sable rose 16.3% to $16.75 in afternoon trading. Trump is preparing to summon …

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US Companies to Increase Oil Production Amid Iran Conflict, Interior Secretary Burgum Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – U.S. Interior Secretary Doug Burgum said on Wednesday that U.S. oil companies will soon announce increased production amid price spikes due to the ongoing Iran conflict. “I think you’re going to see them all announcing that they’ve increased production, you know, here in the United States in response to the price signals and …

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America First Refining Secures Landmark 20-Year Offtake Agreement and Capital Investment to Construct First New U.S. Refinery in 50 years.

Energy Topics & Technology, Latest, Oil, Press Releases, Refineries / By

  Transaction Represents Largest Energy Deal in U.S. History. BROWNSVILLE, Texas, March 10, 2026 /PRNewswire/ — America First Refining announced a historic milestone in U.S. energy production: the construction of the first new oil refinery built in the United States in 50 years. Made possible through the leadership of President Donald J. Trump and the …

America First Refining Secures Landmark 20-Year Offtake Agreement and Capital Investment to Construct First New U.S. Refinery in 50 years. Read More »

Trump Announces New US Refinery Backed By India’s Reliance

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

By Erwin Seba and Nicole Jao India’s Reliance to invest in refinery, buy output Deal likely to reduce trade deficit with India Fuel prices spike as US, Israel attack Iran HOUSTON, March 10 (Reuters) – President Donald Trump on Tuesday announced the construction of a refinery on the southern U.S. border backed by India’s ​Reliance …

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COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

By Ron Bousso LONDON, March 11 (Reuters) – The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating supply shock triggered by the Iran war. But it will offer only limited relief as long as energy exports from the Middle East …

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IEA Tackles Iran War Oil Price Spikes With Record Stocks Release Plan, Markets Not Convinced

CDN and International News, Conventional Energy, Latest, Oil / By

By America Hernandez and Alex Lawler IEA agrees to release record amount of oil in response to crisis Trump indicates he supports the IEA move Oil prices rise on concerns that move will not be enough PARIS/LONDON, March 11 (Reuters) – The International Energy Agency on Wednesday agreed to release 400 million barrels of ​oil, …

IEA Tackles Iran War Oil Price Spikes With Record Stocks Release Plan, Markets Not Convinced Read More »

US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On

Energy Topics & Technology, Gasoline, Latest, US News / By

The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as the Israel-U.S. war with Iran stokes supply concerns. Disruptions to Middle Eastern oil exports through the Strait of Hormuz have caused a surge in fuel …

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