Energy dominance means investing in renewables and our energy transmission infrastructure — not providing giveaways to the oil and gas industry. As American households and businesses face soaring electricity bills,

Oil prices fell by about 1% on Wednesday as signs of stronger Chinese crude consumption were outweighed by investor caution about the wider economic impact from U.S. tariffs. Prices have seesawed in a tight range as signs of steady demand from an increase in travel during the Northern Hemisphere summer have competed with concerns that U.

Former U.S. President Donald Trump’s energy policy pressures Saudi Arabia to keep oil prices within a tight range. With Saudi Arabia’s fiscal breakeven at ~$90 Brent, Aramco is facing financial strain.

WTI crude oil (CLQ25) on Monday closed down -1.47 (-2.15%), and August RBOB gasoline (RBQ25) closed down -0.0216 (-0.99%). Crude oil and gasoline prices today fell from 3-week highs and fell sharply on speculation that President Trump's tariff policies will slow global economic growth and energy demand.

Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump's trade policies and rising OPEC+ production quotas. But that strength will now be tested,

Oil prices touched their highest levels in about three weeks Monday, then pulled back as traders mulled speculation that President Donald Trump may impose significant tariffs on countries that buy Russia oil.

While oil and gas wells still operate under older leases in parts of the state, officials say their new reviews will address the standstill and could clear the way for fossil fuel companies to operate on additional federal lands.

While US President Donald Trump’s chaotic tariff strategy has disrupted the oil market for months, his renewed attacks on trading partners this week have solidified consensus on at least one matter: The outlook for crude demand is set to worsen.