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The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. Trump said that India would also start to reduce its import taxes on U.S. goods to zero.

The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate, as many of the best U.S. drilling sites have been tapped.

The White House confirmed on Feb. 2 the start of “Project Vault,” which would initially be funded by a $10 billion loan from the U.S. Export-Import Bank and nearly $1.67 billion in private capital.

Shares of U.S. oil giants Exxon Mobil and Chevron are on track for their largest monthly gains in more than three years, boosted by rising energy prices and geopolitical tensions.

Pilot Travel Centers is teaming up with Tesla to build a series of charging stations catering to the Elon Musk-led manufacturer’s Class 8 battery-electric Semi tractor, mostly in Western states.

A California program that aimed to remotely measure the emissions output of out-of-state heavy-duty vehicles traveling on state roads has been officially halted by the Environmental Protection Agency.

The Trump administration issued a general license expanding the ability of oil companies to operate in Venezuela, a significant step to ease sanctions under the new leadership in Caracas.

It could be days before power is restored across the South, where more subfreezing temperatures are expected by Jan. 30 in areas unaccustomed to and ill-equipped for such cold.

The rise in fuel production is being driven largely by the ramp-up of the Dos Bocas plant. The refinery operated at 77.5% of its installed capacity in December, its best performance to date.

The Department of Energy authorized two power companies to direct data centers and other large facilities to run backup generators as a last resort to prevent rolling blackouts.