Person
U.S. Secretary of Energy in the Trump administration, overseeing federal energy policy, including oil, gas, and export markets.
The Trump administration is discussing easing sanctions on some shadow-fleet tankers to curb record freight rates, Reuters reported. Under one option, US companies would apply to Treasury before using them; no mechanism is final.
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Saudi Arabia kept its World Energy Congress running in Riyadh after Houthi strikes that closed the airport killed 13 and injured over 300. Operators with Gulf travel or freight exposure have a closed airport to plan around and a wider closure to price.
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IEA members agreed Oct. 7 to speed up the 400 million-barrel oil release and put diesel first, with public stocks near 1.1 billion barrels. Those stocks were above 1.2 billion in March, a fall of about 100 million, a quarter of the pledge.
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Tamboran Resources and Daly Waters Energy made the Beetaloo Basin's first commercial gas sales in September, Fortune reported. After decades of failed drilling, US capital and crews have got outback shale gas to paying buyers, though whether the wells repay their cost is still open.
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NASA and the Energy Department signed one memorandum covering space nuclear work from fuel production to launch, ahead of a 2028 reactor flight. It takes effect Nov. 1, and a December 2025 executive order already calls for a launch-ready lunar reactor by 2030.
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Diesel at $6.53 a gallon is a political problem for Trump. The remedy under discussion would hold a record 1.6 million barrels a day at home, in a market where the world price still sets the US price.
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China reimposed its fuel export ban this month after a decade of 2.3% annual refining growth as Australia and Japan cut capacity. The diesel and jet fuel squeeze now turns on where refineries sit, and ten years of OECD closures left fewer of them in the West.
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China has suspended refined fuel exports with its refiners at about 75% of capacity and US plants at 97%. Any extra diesel now depends on Beijing, while Washington weighs an export ban that would push higher prices onto other importers.
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Prediction-market odds of a US diesel export ban by October 31 fell to 9.5% from 20% in a day, with diesel at nearly $6.50 a gallon, close to a record. Republicans want relief a month before the midterms, yet traders now price a ban before the contract settles as a long shot.
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Treasury has extended Citgo's protection from a court-ordered $9 billion sale to Elliott Management six times since January. Creditors holding that order are waiting on an administration that keeps its leverage over Caracas for as long as it leaves the license undecided.
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Brent above $95 is about 32% over its prewar level. The only independently counted numbers put Strait of Hormuz throughput near a quarter of normal, a wider gap than the White House's escort totals admit.
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Energy Department grants of $1.9 billion will fund 31 projects in 26 states promising more than 23 gigawatts from existing power lines. The gains come from weather sensors and rerouting, so they help data center plans most where a congested line is the bottleneck.
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Donald Trump is weighing a diesel export ban as average prices top $6.50 a gallon, and legal experts say emergency law lets him impose it alone. European diesel costs have already risen on the talk, so for energy investors the ban is a political risk that Congress cannot vote down.
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Energy Department grants of $1.9 billion across 31 projects aim to add more than 23 gigawatts of capacity to existing power lines. Recipients add $3.35 billion, putting the all-in cost near $228 a kilowatt for wire capacity that still needs power plants behind it.
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US diesel averaged $6.52 a gallon on Sept. 23, an all-time high, and analysts told Fortune that keeping the fuel home would lower prices only near the Gulf Coast before refiners trim runs on every fuel they make.
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The US Energy Secretary told oil markets on September 13 not to bank on an Iran breakthrough and to lean on alternative transit already moving about 10 million barrels a day, with Hormuz itself running above 9 million against 17 to 20 before the strikes.
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The Energy Secretary's 17 million barrels appears to bundle ship-to-ship transfers that take days into a single day. On TankerTrackers' count Monday moved 9.14 million, which puts the export recovery nearer three-fifths of pre-war than above it.
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Washington's cut of the new Venezuelan oil venture arrives without Washington writing a cheque. The arithmetic leaves private capital about 52 cents of every dollar of market-priced output, before anyone establishes who owned the fields.
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Red Hat says its internal Dataverse Agent answers questions in plain language because a governed data platform existed first. The transferable part is the ordering, not the model.
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Twenty-four new cascades at Eunice add 2.1m SWU, but the first units only produce in 2032 and the last go in through 2036. Fuel, not reactors, sets the pace.
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Invest · August 17, 2026 · Confirmed2 publishers