Washington, March 6 (IANS) The United States has “reached out to India” to purchase Russian oil currently sitting in floating storage in southern Asia as part of a short-term effort to ease pressure on global oil markets, US Energy Secretary Chris Wright said in an interview with ABC News.The temporary measure, he said, is designed to quickly move stored crude into refineries and prevent oil prices from rising as supply routes face pressure linked to shipping constraints around the Strait of…
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Washington, March 5 (IANS) President Donald Trump has unveiled a new initiative aimed at powering the rapid expansion of artificial intelligence in the United States while preventing electricity costs from rising for households, bringing together some of the world’s largest technology companies in what the White House called a “Ratepayer Protection Pledge.”Speaking at a White House roundtable with executives from major tech firms on Wednesday (local time), Trump said the agreement would al…
Washington, Feb 16 (IANS) The US military airlifted a miniature nuclear reactor for the first time, marking a significant step in President Donald Trump’s push to expand nuclear power and bolster military base energy security.Three C-17 transport planes carried components of the Valar Atomics Ward 250 unfueled nuclear reactor from March Air Reserve Base in California to Hill Air Force Base in Utah. The reactor will eventually move to the Utah San Rafael Energy Lab for testing and evaluation.Th…
Washington, Jan 30 (IANS) Industry Minister Kim Jung-kwan said that he and US Commerce Secretary Howard Lutnick concluded the first day of their talks over renewed tariff tension between the two countries without an agreement but they agreed to meet again the next day.Kim and Lutnick held the meeting in Washington, three days after Trump threatened to increase reciprocal tariffs and auto, lumber and pharmaceutical duties on South Korea to 25 per cent from 15 per cent, citing a delay in Seoul’s l…
Washington, Jan 30 (IANS) President Donald Trump and Energy Secretary Chris Wright said coal, natural gas, and nuclear power protected the US electricity grid during a severe cold snap, while criticising wind and solar generation.Wright told a Cabinet meeting, “Your energy dominance agenda is firing on all cylinders.” He said, “The United States oil production today is greater than Saudi Arabia and Russia combined.”Wright said coal played a critical role during peak demand. “This beaut…
Washington, Jan 25 (IANS) A massive winter storm swept across a broad stretch of the United States, dumping snow and ice, plunging temperatures far below normal, knocking out power to tens of thousands of homes and forcing authorities in more than 20 states to declare emergencies, according to multiple media reports and government officials.Nearly 190 million people — more than half the US population — were under winter weather alerts across 37 states, from the Rocky Mountains to New England…
Washington, Jan 11 (IANS) US President Donald Trump has declared a national emergency to block courts and creditors from seizing Venezuelan government funds held by the United States of America. This is important to protect oil-related revenues, which is critical to US national security and foreign policy objectives in the Western Hemisphere.In an executive order signed on Friday and released on Saturday, Trump said the “threat of attachment or the imposition of other judicial process” against V…
Washington, Jan 10, (IANS) President Donald Trump said the US-led effort to revive Venezuela’s oil sector was aimed at preventing China and Russia from expanding their strategic footprint in the Western Hemisphere.Speaking at the White House along with executives of major American and international oil companies, Trump said Beijing or Moscow would have moved quickly to dominate Venezuela’s energy resources had Washington not intervened.“If we didn’t do this, China or Russia would have be…
Washington, Jan 10 (IANS) President Donald Trump said his administration’s plan to revive Venezuela’s oil production would help reduce energy costs in the United States while reinforcing American energy dominance.Speaking to oil and gas executives at the White House on Friday, Trump said Venezuelan crude would complement record US production and strengthen supply.“One of the things the United States gets out of this will be even lower energy prices,” Trump said.He cited recent gasoline p…