26 articles
U.S. Energy Secretary Chris Wright estimates Saudi Arabia's East-West Pipeline will resume crude oil flows within days after attacks by Iran-aligned groups. The pipeline moves 4-5% of global supply, s
US Energy Secretary Chris Wright announced the Saudi East-West oil pipeline, targeted by drone attacks, will resume operations soon. This critical alternative to the Strait of Hormuz handles 7 million
US Energy Secretary Chris Wright warned against expecting an Iran deal on the Strait of Hormuz, noting markets remain tight but manageable. Simultaneously, the US plans to bolster its domestic uranium
US Energy Secretary Chris Wright prioritized boosting domestic production over restricting fuel exports to combat record-high diesel prices driven by global conflicts. Officials met with refiners to i
US Energy Secretary Chris Wright announced a deal with GE Vernova to rehabilitate Venezuela's aging power grid, including the Guri Dam. The plan targets stabilizing operations within six to twelve mon
U.S. Energy Secretary Chris Wright proposed swapping Venezuelan heavy crude for lighter domestic oil to replenish the Strategic Petroleum Reserve amid critically low inventory levels. This move addres
U.S. Energy Secretary Chris Wright announced strict government control over funds from an oil deal with North American Blue Energy Partners in Venezuela, while Venezuelan officials confirmed efforts t
US Energy Secretary Chris Wright announced plans for Venezuelan oil production to double via deals with major firms like Chevron. The move aims to lower US gasoline prices and secure supplies despite
US Energy Secretary Chris Wright predicts Venezuela crude output will double following new investment deals, potentially lowering gasoline prices despite current refining bottlenecks.
U.S. Energy Secretary Chris Wright announced upcoming measures to boost domestic refinery output and lower gasoline prices amid geopolitical tensions with Iran. Current U.S. refinery rates are at reco
US Energy Secretary Chris Wright indicated that extending Jones Act waivers for oil and fertilizer shipping is highly likely to aid domestic energy flows. The administration plans to maintain these su
US Energy Secretary Chris Wright predicts fuel prices will drop soon, citing a likely Jones Act waiver extension. President Trump is pressuring major oil firms like ExxonMobil and Chevron to lower pum
US-Iran conflict escalates with 17 American fatalities, prompting Energy Secretary Chris Wright to confirm Gulf oil shipments remain at two-thirds of pre-conflict levels amid Strait of Hormuz tensions
US Energy Secretary Chris Wright urged data center supporters to counter critics regarding power and water usage. He drew parallels to oilfield opposition, citing his background in the energy sector.
US Energy Secretary Chris Wright warned the EU that American gas supplies will divert to other markets unless methane emission regulations are relaxed. EU officials vow to resist this pressure despite
U.S. Energy Secretary Chris Wright stated crude oil flows through the Strait of Hormuz are near normal, with 20 million barrels exiting daily. Benchmark prices fell as supply concerns eased following
U.S. Energy Secretary Chris Wright stated American refiners can absorb more Venezuelan crude, currently taking half of its 1.2 million barrel daily exports. The U.S. is filling the oil supply void lef
Energy Secretary Chris Wright announced U.S. military efforts are facilitating the export of approximately 7 million barrels of oil daily from the Persian Gulf, surpassing market expectations. He also
US Energy Secretary Chris Wright reported half of Hormuz oil shipments resumed after the Iran conflict. Oil futures fell 5% as officials anticipate a deal to reopen the strait during the upcoming G7 s
U.S. Energy Secretary Chris Wright denied knowledge of U.S. removal of Iranian oil during a congressional hearing, while confirming military aid facilitated increased oil traffic through the Strait of
US Energy Secretary Chris Wright confirmed oil exports through the Strait of Hormuz are rising despite regional conflicts. He warned that restoring normal flows of critical materials like sulfur and h
US Energy Secretary Chris Wright stated that lowering gasoline prices depends on resolving tensions with Iran to increase oil flow through the Strait of Hormuz. He also criticized California's environ
U.S. Energy Secretary Chris Wright stated that borrowers from the Strategic Petroleum Reserve will repay an extra 40 million barrels following the Iran conflict. The plan seeks to stabilize markets an
U.S. Energy Secretary Chris Wright promised to replenish the Strategic Petroleum Reserve at a 1.2-to-1 ratio to lower gasoline prices and counter Iran's nuclear ambitions. He also highlighted potentia
The Trump administration is exploring oil extraction beneath US military bases to replenish the depleted Strategic Petroleum Reserve amid soaring fuel prices. Energy Secretary Chris Wright emphasized
US Energy Secretary Chris Wright stated that clearing all mines isn't necessary for Strait of Hormuz transit, potentially easing global oil supply disruptions. He also announced historic pipeline agre
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