Oil exchanges, as they are called, allow the DOE to loan out oil to companies who later pay back to the oil with extra barrels, which functions like interest on a loan.

The U.S. announced plans to release more oil to help global markets during the ongoing war with Iran, which has impacted ...

The US Department of Energy announced plans to release 53.3 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to help stabilize global fuel supplies.

The DOE said it has executed a historic, record-speed series of SPR exchange solicitations—the largest in the Reserve’s ...

A cargo of crude oil loaded from the U.S. Strategic Petroleum Reserve (SPR) is ​heading to Türkiye, the first shipment of U.S ...

The U.S. is set to release 172 million barrels of oil from the Strategic Petroleum Reserve as part of this plan. The ...

Eighteen cents of what you pay for each gallon of gas is the federal gas tax. President Trump's proposal to suspend it ...

A rally in tech stocks lost steam as Wall Street awaited the April consumer inflation report, expected to provide clues tp ...

Two-thirds of Americans say Trump has not clearly explained Iran war goals as gas prices surge A Reuters/Ipsos poll shows ...

The Trump administration announced that it would loan 53.3 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to energy companies to counteract high crude oil prices amid the ...

With average nationwide gasoline prices above $4.50 a gallon, politicians are revisiting a perennial idea to ease high pump prices: suspending the federal gasoline tax. President Donald Trump said he ...