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The United States is currently the largest crude oil producer, petroleum products consumer, and the country with the largest amount of crude oil refining capacity. Integrated with global markets through [...]

February 16, 2023 In January 2023, the U.S. Department of Energy (DOE) concluded the largest emergency drawdown of crude oil from the Strategic Petroleum Reserve (SPR): approximately 180 million barrels [...]

April 22, 2022 The Biden Administration announced plans to release up to 260 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) from October 2021 through October [...]

Updated February 7, 2022 The United States has the largest nuclear power plant fleet in the world, with 93 reactors that can generate approximately 95,522 megawatts (MW) of electricity. Nuclear [...]

June 10, 2021 The United States has the largest nuclear power plant fleet in the world, with 93 reactors that can generate approximately 95,522 megawatts (MW) of electricity. Nuclear power [...]

January 13, 2021 Oil markets began 2021 following one of the most disruptive years on record. In the first half of 2020, Coronavirus Disease 2019 (COVID-19) pandemic-related demand suppression for [...]

July 8, 2020 The Department of Energy's (DOE's) Loan Programs Office (LPO) manages two loan guarantee programs: (1) Tribal Energy Loan Guarantee Program (TELGP), the focus of this Insight; and [...]

May 27, 2020 Contents Background: Comprehensive Energy Policy Title I--Innovation Subtitle A--Efficiency Part I--Energy Savings and Industrial Competitiveness Subpart A--Buildings Subpart B--Industrial Efficiency and Competitiveness Subpart C--Federal Agency Energy Efficiency [...]

May 11, 2020 Benchmark crude oil prices--such as U.S. West Texas Intermediate (WTI)--have steeply declined since January 2020. Oil market oversupply, the result of COVID-19 travel restrictions and increased global [...]

Updated April 1, 2020 Global oil prices have declined nearly 60% since January 2020 (see Figure 1). Following a brief period of geopolitically-driven upward price pressure resulting from events in [...]

Summary R46213 February 5, 2020 Phillip Brown Specialist in Energy Policy Economic sanctions imposed by the United States--through enacted legislation and executive action--on Iran, Russia, and Venezuela aim to pressure [...]

Updated July 3, 2019 Since the beginning of the oil industry, there have been multiple periods when a supply manager has influenced production and price levels. Generally, a supply manager [...]

Updated November 5, 2018 Contents Introduction: A Reversal of Fortune Issues for Congress Policy Goals Legislation U.S. Energy Profile Energy Resources on Federal Lands Oil and Natural Gas on Federal [...]

Updated November 19, 2018 Following the killing of journalist Jamal Khashoggi at a Saudi Arabia consulate in Istanbul, Turkey, some Members of Congress have expressed interest in taking action against [...]

March 27, 2018 In response to the ongoing political and economic crisis in Venezuela, the United States has imposed targeted sanctions on certain Venezuelan individuals as well as broader financial [...]

Updated January 30, 2017 Summary The United States, Canada, and Mexico in many ways comprise one large, integrated market for energy commodities. Canada, for example, is the single largest foreign [...]

Updated February 22, 2016 Contents Background Export Restrictions Repeal Savings Clause Exceptions Potential Crude Oil Export Volumes National Defense Sealift Enhancement Enhanced Section 199 Tax Deduction for Independent Refiners Motivation [...]

Updated September 28, 2015 Contents Introduction Pemex: A Brief History and Pre-Reform Status Report The Path to Pemex Reform Proposals for Energy Reform Key Provisions of the December 2013 Constitutional [...]

Updated December 31, 2014 Contents Introduction Background Legal and Regulatory Context The Energy Policy and Conservation Act The Export Administration Act and the International Emergency Economic Powers Act Other Relevant [...]