Chris Wright

White House Rules Out Diesel Export Ban as Prices Surge Above $6.50

The White House on Wednesday denied that the Administration is considering a ban on U.S. diesel exports, clarifying comments from President Donald Trump and Treasury Secretary Scott Bessent a day earlier that appeared to leave the door open to restrictions as the average diesel price in America topped $6.50 per gallon. A White House official denied a report that the Administration was preparing a 90-day ban on diesel exports, while Energy Secretary Chris Wright said nobody was considering a flat ban on shipments. Instead, the Administration is…

OilPrice.com•Tsvetana Paraskova1h ago

• neutral toward White House · 98%

Trump’s Energy Secretary Dismisses Reports of Diesel Export Ban, Criticizes Solar Power

Chris Wright also doubled down on his criticism of renewable energy sources like solar power.

The New York Times•Maxine Joselow4h ago

• neutral toward Donald Trump · 91%

U.S. Energy Secretary: Blunt Tool of Banning Diesel Exports Doesn't Work

US Energy Secretary Chris Wright has publicly opposed calls for a ban on US diesel exports, arguing on Wednesday that the measure would backfire by increasing gasoline and jet fuel prices. "The blunt tool of banning diesel exports definitely doesn't ‌work," Wright said at an event in New York, as reported by Reuters. Wright said restricting exports would leave refiners with excess diesel inventories, forcing them to cut refinery output. Lower refinery runs, he warned, would tighten supplies of other fuels, ultimately driving up costs…

OilPrice.com•OilPrice.com6h ago

US Energy Secretary: Saudi Pipeline Could Be Back in Service Within Days

Saudi Arabia’s East-West oil pipeline could be back in service within days, U.S. Energy Secretary Chris Wright said Tuesday, offering the first relatively concrete timeline for restoring a route that had been moving 4 million to 5 million barrels per day around the largely closed Strait of Hormuz. The 1,200-kilometer pipeline was shut after an attack last week damaged the system. Wright said Saudi officials were still assessing the damage, but expected repairs to be measured in days rather than weeks. The East-West line has been carrying…

OilPrice.com•Julianne Geiger15 Sept

US Energy Secretary Chris Wright warns oil traders not to bank on Iran deal for Strait of Hormuz

The reliance on alternative oil routes highlights the fragility of global energy logistics and the potential for increased costs and instability.

CryptoBriefing•Editorial Team13 Sept

Federal court rejects Trump order keeping Michigan coal plant open

A federal court is declaring that the energy department exceeded its authority when it forced a Michigan power plant to stay open past its scheduled retirement date In a defeat for the Trump administration, a federal court on Friday ruled that the energy department exceeded its authority when it forced a Michigan coal-fired power plant to stay open past its scheduled retirement date last year. Energy secretary Chris Wright had said the 64-year-old JH Campbell Generating Plant was needed to ensure reliable electricity in the region, and he used emergency powers to keep it operating. Environmental groups and three states – Michigan, Illinois and Minnesota – went to court to try to overturn orders keeping the plant online. Continue reading...

The Guardian•Associated Press11 Sept

US Energy Secretary Chris Wright visits Venezuela’s Miraflores Palace in historic post-Maduro trip

The US visit to Venezuela signals a potential shift in geopolitical dynamics, with energy cooperation possibly reshaping regional alliances.

CryptoBriefing•Editorial Team2 Sept