The first shipment of Russian diesel destined for the United States under a new energy agreement between US President Donald Trump and Russian President Vladimir Putin is heading towards New York, marking a significant shift in energy trade between the two countries. According to Reuters, shipping data from LSEG shows that the Malta-flagged tanker Agioi […]
U.S. President Donald Trump has invoked the Cold War-era Defense Production Act to strengthen domestic oil production, expand refining capacity and increase fuel supplies as rising energy prices place growing pressure on American consumers and businesses. In a presidential memorandum issued on October 22, Trump designated domestic petroleum production, refining and related infrastructure as essential […]
Russia is preparing to send its first diesel cargo to the United States on Thursday, October 22, 2026, in a development that highlights the complexities of global fuel markets amid continuing geopolitical tensions between Washington and Moscow. The shipment, announced by Russian officials on Wednesday, October 21, comes as energy traders navigate changing supply routes, […]
US Secretary of State Marco Rubio has described India as a “refining superpower”, signalling Washington’s interest in expanding energy cooperation with Indian conglomerate Reliance Industries, particularly in refining Venezuelan crude oil and potentially increasing production in Venezuela. Speaking to reporters in Mumbai on Tuesday during his visit to India, Rubio said Reliance had the technical […]
U.S. President Donald Trump has signed an executive order temporarily expanding access to tax-exempt red-dyed diesel, as the administration seeks to ease the impact of sharply higher fuel costs on farmers, truckers and other businesses. Trump signed the order on October 5 during a rally in Nebraska, directing federal agencies to provide temporary relief on […]
The U.S. Energy Department is set to provide $150 million in federal funding for a major electricity transmission project in Alaska, as Vice President JD Vance campaigns in the state ahead of the November 2026 midterm elections. The funding will support construction of approximately 223 miles of new transmission lines connecting the Beluga power station […]
Trump administration moves to dismantle federal carbon restrictions on power plants, arguing the rules threaten energy affordability and economic growth The U.S. Environmental Protection Agency (EPA) has moved to dismantle major climate regulations introduced under former Presidents Barack Obama and Joe Biden, marking another significant reversal of U.S. environmental policy under President Donald Trump. On […]