Friday, August 8, 2025
US energy chief to seek $20 billion to refill oil reserve, Bloomberg reports- oil and gas 360

US energy chief to seek $20 billion to refill oil reserve, Bloomberg reports

(Reuters) – U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. Former President Joe Biden’s administration sold nearly 300 million barrels from the reserve including a 180-million-barrel sale in 2022 after Russia invaded Ukraine.

U.S. energy secretary to meet with refining executives over soaring pump prices, sources say- oil and gas 360

U.S. energy secretary to meet with refining executives over soaring pump prices, sources say

CNBC U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices, sources familiar with the matter told Reuters. Source: CNBC The planned talks come as President Joe Biden, under pressure over high gasoline prices, has demanded that oil refining companies explain why

Mexico says US energy secretary to visit, power market concerns eyed- oil and gas 360

Mexico says US energy secretary to visit, power market concerns eyed

Reuters MEXICO CITY – U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday. The United States has voiced concerns about an initiative championed by Lopez Obrador which aims to strengthen state control of the

U.S. energy secretary to urge House lawmakers to buy oil for strategic reserve- oil and gas 360

U.S. energy secretary to urge House lawmakers to buy oil for strategic reserve

Reuters WASHINGTON  – The U.S. energy secretary said on Tuesday he would talk with leaders in the U.S. House of Representatives later in the day and urge them to fund the purchase of crude to fill the emergency oil reserve. In March, President Donald Trump ordered Energy Secretary Dan Brouillette to fill the Strategic Petroleum Reserve, or SPR, to the

Energy Secretary Rick Perry hit with subpoena in Trump impeachment probe

Source: CNBC House Democrats issued a subpoena to Energy Secretary Rick Perry on Thursday, the latest salvo in the party’s impeachment probe into whether President Donald Trump abused his power through his interactions with the leadership of Ukraine. The subpoena for a variety of Ukraine-related documents was issued by the Democratic chairmen of the House Intelligence, Oversight and Foreign Affairs committees. It