Economics ❯ Energy Economics

Oil Prices

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Vance Defends Trump Economic Record in Michigan, Calls Gas Price Spike ‘Temporary Blip’

He says new steps to curb fuel costs will be announced within 48 hours.

Gas Price Spike From Iran War Exposes Strains in Trump’s Base in Pennsylvania

State Department Layoffs Leave U.S. Short on Oil Experts as Hormuz Crisis Deepens

South Korea Sets Worst-Case Energy Plan as Hormuz Stays Shut

Trump Uses Defense Production Act to Order California Offshore Oil Restart

White House Weighs Temporary Jones Act Waivers to Ease Fuel Squeeze

California’s Refinery Profit Caps Remain On Hold as Gas Prices Surge

China Ramps Up Crude Imports 16% in Early 2026 to Fortify Reserves

Gulf Conflict Puts Desalination Plants in the Crosshairs After Reported Strikes in Bahrain and Iran

Venezuela Advances Mining Overhaul as U.S. Confirms $100 Million Gold Transfer and Clears Limited Deals With Minerven

U.S. Holds Off on SPR Release as Rubio Readies Phased Plan to Curb Oil Spike

Japan Urges Diplomacy, Prepares Evacuations as Hormuz Shipping Pauses

U.S.-Run Venezuelan Oil Sales Near $2 Billion as Caracas Freezes 19 Contracts

Trump Touts 80 Million Venezuelan Barrels, 600,000-Barrel U.S. Output Rise in State of the Union

Pemex Reports Record 2025 Refining Throughput and Stronger High-Value Output

EU Weighs Replacing Russia Oil Price Cap With Blanket Ban on Maritime Services

Venezuela Enacts Oil Law Opening Sector to Private and Foreign Investors as U.S. Eases Sanctions

Argentina Lowers Export Duties on Conventional Crude Under New Decree

Venezuela Sends First Direct Crude Cargo to U.S. Under 50‑Million‑Barrel Deal

PRI Demands Mexico Halt Oil Shipments to Cuba as Morena Senators Back Sheinbaum’s Sovereign Stance