The US Department of Energy has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve. The move comes as Washington seeks to ease pressure on oil supplies amid the Iran war.
Senator Martin Heinrich of New Mexico blocked a bipartisan bill in the Senate that would protect electricity ratepayers from costs associated with data center expansion, one day after it passed the House 417-3. The legislation represented lawmakers' first major attempt to address voter concerns about data centers driving up electricity prices.
The latest offshore oil and gas lease auction in the Gulf of Mexico attracted $82.7 million in high bids, more than the March sale but significantly less than December's auction. The sale was the third held under the Trump administration's One Big Beautiful Bill Act.
