The Trump administration has signaled that it plans to impose additional pressure on Moscow to reach the negotiating table through economic means, as peace talks between Russia and Ukraine have yet to advance.
Read More Trump admin. signals support for additional sanctions against Russia as peace talks stall
U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd.
Read More US oil production hit record high in June, EIA says
World markets are watching closely as President Donald Trump and Russia’s Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire agreement in Ukraine.
Read More What a Russia-Ukraine ceasefire deal could mean for global markets
Of the record 103 quadrillion British thermal units of total primary energy produced in the U.S., a record 31 quads were exported.
Read More US exported 30% of its primary energy output in 2024, says EIA
The White House reflected on President Donald Trump’s second term on his 200th day in office, with Press Secretary Karoline Leavitt congratulating Trump for delivering “on every single major campaign promise.”
Read More GOP admin celebrates 200-day mark with triumphant showcase of major achievements
President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on Indian goods, citing India’s continuous purchasing of Russian oil. This raises the total tariffs on Indian imports to 50%.
Read More Trump imposes additional 25% tariff on India for purchasing more Russian oil, bringing total levies to 50%