Santos Ltd. and Repsol SA have begun commercial production of oil from their Pikka discovery in Alaska, a milestone set to help drive a resurgence of crude flows in the state.
The Trump administration allowed a waiver that encouraged more Russian crude sales to lapse, even as the Iran war stokes concerns about global oil supplies and higher fuel costs.
A worker inspects drilling pipes at a gas drilling rig on the Gazprom PJSC Chayandinskoye oil, gas and condensate field, a resource base for the Power of Siberia gas pipeline, in the Lensk district of the Sakha Republic, Russia, on Wednesday, Oct. 13, 2021. European natural gas futures declined after Russia signaled that it may offer additional volumes soon.
The Trump administration plans to streamline the permitting process for oil developments inside the National Petroleum Reserve-Alaska as it pushes to accelerate crude production in the US Arctic.
President Donald Trump urged New York Mayor Zohran Mamdani to do more to satisfy Ken Griffin, saying that it’s “not recoverable” for the city to lose business figures like him.
The US said it expects Iran to respond to President Donald Trump’s latest proposal to end their war imminently, as overnight clashes threatened to further fracture a monthlong ceasefire.
The US said it expects Iran to respond to President Donald Trump’s latest proposal to end their war imminently, as overnight clashes threatened to further fracture a monthlong ceasefire.
President Donald Trump said he was hopeful that a deadly outbreak of the hantavirus on a cruise ship was under control and indicated that the administration would make a report about the incident.
Donald Trump speaking to workers who have been painting the Lincoln Memorial Reflecting Pool on May 7.
The US struck military targets in Iran after the country fired on three Navy destroyers sailing in the Strait of Hormuz, an escalation that threatened to fracture a fragile ceasefire and reignite hostilities even as the two sides say they’re discussing an end to the war.
Commercial ships at anchor in the Strait of Hormuz off the coast of Bandar Abbas, Iran, on May 4, in a photo released by Iranian state media. Photographer: Amirhosein Khorgooi/AP Photo
President Donald Trump said he would give the European Union until July 4 to ratify its trade agreement with the US, after previously threatening to hike tariffs on auto imports as soon as this week if it failed to do so.
Shipping containers at the Greenland Terminal in the port at Brevik, Norway.
President Donald Trump will host Brazilian counterpart Luiz Inacio Lula da Silva Thursday, amid tensions over the Iran war and its impact on the global economy.
President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war.
US President Donald Trump arrives to speak to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, May 1, 2026. Trump expressed displeasure with the current state of negotiations with Iran, blaming disjointed leadership in Tehran for preventing a deal to end the nine-week conflict that's triggered a global energy crisis.
President Donald Trump will host Brazilian counterpart Luiz Inacio Lula da Silva Thursday, amid tensions over the Iran war and its impact on the global economy.
The tankers have been arriving from all over the world in unprecedented numbers. After loading up in Alaska and along the US Gulf Coast, they head back out to sea — to Japan, Thailand and even as far as Australia.
Traders say US exports are beginning to test practical limits, with infrastructure and shipping constraints capping how much crude can consistently leave the US Gulf Coast.
US President Donald Trump on Thursday signed a presidential permit authorizing the Bridger Pipeline expansion project meant to carry Canadian crude to Wyoming — the latest in years of back-and-forth over oil pipelines linking the countries.
US President Donald Trump signs an executive order in the Oval Office at the White House in Washington, DC on April 30, 2026. (Photo by Brendan SMIALOWSKI / AFP)
US President Donald Trump said the United Arab Emirates’ decision to leave OPEC would help lower energy prices, which have spiked due to the war in Iran and continue to climb.
US President Donald Trump said the United Arab Emirates’ decision to leave OPEC would help lower energy prices, which have spiked due to the war in Iran and continue to climb.
President Donald Trump told Axios he will not lift a naval blockade of Iran’s ports until he secures a deal with Tehran to address the country’s nuclear program, extending a standoff over the Strait of Hormuz that has caused a global energy crisis.
President Donald Trump discussed steps the US could take to prolong its blockade of Iran during a meeting with oil and trading industry executives Tuesday, as the Middle East war continues to drive up prices for crude and other commodities.
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