US News

The U.S. said on Thursday it has imposed new sanctions on Iran’s military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. The Treasury Department said it had sanctioned eight vessels involved in transporting Iranian crude oil and petroleum …

US Imposes Fresh Sanctions on Iran’s Military Oil Sales, Treasury Says Read More »

U.S. distillate fuel oil inventories fell to a 23-year low last week, the Energy Information Administration said on Thursday, as the Iran war continues to choke global fuel supplies and raise demand for U.S. crude and petroleum products. The country’s distillate stockpiles, which include diesel and heating oil, fell by 2.1 million barrels in the …

US Distillate Inventories Sink to 23-Year Low Read More »

U.S. forces shot down four Iranian drones fired at a commercial ship By Jennifer A. Dlouhy and Courtney McBride The U.S. struck Iranian military targets for the second time this week and Kuwait said it responded to missile and drone threats, highlighting the fragility of the ceasefire and the challenge of forging a peace accord …

U.S. Strikes Iran Targets Near Hormuz With No Accord in Sight Read More »

By American Petroleum Institute (API) Last week, something big happened in the U.S. oil and gas industry. In southeastern New Mexico, the federal government held the largest onshore oil and natural gas lease sale in American history. It generated more than $4 billion — more than four times the previous record. In this edition of …

American Energy Snapshot: The Anatomy of a $4 Billion Lease Sale Read More »