Strategic Petroleum Reserves

WASHINGTON (AP) — For the second time this month, House Republicans are seeking to restrict presidential use of the nation’s emergency oil stockpile — a proposal that has already drawn a White House veto threat. A GOP bill set for... Read More

WASHINGTON — The Biden administration will release 15 million barrels from the Strategic Petroleum Reserves, and may consider releasing significantly more this winter, in an effort to ease high gasoline prices. The announcement comes in the wake of several polls... Read More

WASHINGTON — Chey Tae-won, chairman and principal owner of South Korea’s second-largest conglomerate, SK Group, is set to announce $22 billion in new investments in U.S. manufacturing during a virtual meeting with President Joe Biden later today. The new investments... Read More

OSLO, Norway — U.S. oil exports from Gulf Coast refineries are poised to reach an all-time high of 3.3 million barrels per day as the second quarter of the year comes to a close, according to a new analysis by... Read More

WASHINGTON — President Joe Biden on Thursday will announce plans for the largest-ever release of oil from the nation’s strategic petroleum reserves, the White House announced. Under the plan, about 1 million barrels of oil per day will be released... Read More