News Trump urges oil producers to pump more crude fearing Iran may close critical shipping lane Published: Jun. 23, 2025, 12:28 p.m.

WASHINGTON (AP) — President Donald Trump on Monday called for the U.S. and other oil-producing economies to pump more oil as crude prices remain volatile following U.S. strikes on Iranian nuclear ...

'The White House should be worried': Oil prices soar after Israel's attack on Iran No matter how the fighting unfolds, it promises to increase prices at the gasoline pump just as voters' natural ...

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar ...

Thats even higher than the 359,000 bpd they had collectively committed to additionally produce under Opec+s plan to raise output by 409,000 bpd. Saudi Arabia, the biggest contributor to the group's ...

Oil prices settled higher on Thursday, recovering from the previous day's drop, on news that the U.S. and China agreed to more trade talks following a phone call between U.S. President Donald ...

For example, the Pennsylvania homeowner's electricity bill increased by only $15 after switching to a heat pump and they still saved money overall by eliminating heating oil costs.

Oil futures recovered some of the previous day’s losses brought on by oversupply concerns, with equities moving higher and the dollar weaker during a lull in tariff-driven volatility.

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(Reuters) - The Trump administration is considering a plan to extend Chevron's license to pump oil in Venezuela and impose financial penalties on other countries that do business with the South ...