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 …
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 …
Trump Announces New US Refinery Backed By India’s Reliance Read More »
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 …
COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock Read More »
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, …
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 …
US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On Read More »
By Priscila Azevedo Rocha, Sing Yee Ong, and Stephen Stapczynski A tense global hunt for liquefied natural gas sparked by the war in the Middle East is starting to shift physical supply flows, as more shipments bound for Europe are diverting to Asia. At least nine cargoes initially headed to Europe have changed course to …
Global LNG Hunt Intensifies as Middle East War Cuts Supply Read More »
Rail shipments remain an option for transporting more oil By Laura Dhillon Kane and Robert Tuttle Canada is “urgently exploring options” with provinces and the energy industry to boost oil supply, as trade disruptions caused by war in the Middle East spur huge volatility in global crude markets. The country is looking at ways to …
Canada Weighs Options to Boost Oil Supply as Iran War Causes Market Turmoil Read More »
By Kate Abnett and Charlotte Van Campenhout EU drafting proposals to relieve industries from high energy costs Gas price cap divides EU governments, similar to 2022 energy crisis Von der Leyen warns against returning to Russian energy sources BRUSSELS, March 11 (Reuters) – The European Union is considering measures to curb energy prices, including by …
EU Considering Gas Price Cap to Curb Surging Energy Costs Read More »
By Alex Lawler Saudi Arabia increased production as contingency for Iran attack disruption, sources said OPEC says geopolitical developments need close monitoring, no forecast changes yet IEA to update oil forecasts on Thursday LONDON, March 11 (Reuters) – OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and …
OPEC Confirms Big Saudi Oil Production Hike Ahead of Iran War, Holds Forecasts Steady Read More »
By Mike Dolan LONDON, March 11 (Reuters) – U.S. stock market indexes have weathered this month’s oil shock well so far because investors expect only a glancing overall GDP hit from higher energy costs. But that resilience masks a potentially toxic shift of income from households to “Big Energy” – and packs big risks in …
COMMENTARY: The Dangerous Politics of US Oil-Driven Redistribution Read More »
