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“[The port] was held up for five years, and it was stonewalled. Bureaucrats got in the way, and now we are moving forward with that," DOT Secretary Sean Duffy told reporters Feb. 14.

“We have more energy than any other country and now we are unleashing it,” President Donald Trump said as he signed executive orders in the Oval Office on Feb. 14.

Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.

There is strong nationwide support among Canadians for putting export taxes on oil shipments if needed to retaliate against U.S. President Donald Trump’s tariffs, a new poll suggests.

Canada’s energy exports to the U.S. jumped at the end of last year, pushing the country’s trade surplus with its biggest customer to the highest in more than two years.

Oil fell below $73 a barrel after President Donald Trump’s pick for commerce secretary suggested tariffs on Canada and Mexico are not a done deal.

Diversified Energy agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as U.S. President Donald Trump makes higher oil production a key priority.

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months.

Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the U.S., Canada and Guyana continues to grow.

Oil tanker rates jumped as the Biden administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.