The US should invest in light crude refining before the next chokepoint closes

America should invest in light crude refining for three reasons.

Crude oil supplies at 45-year low

U.S. crude oil supplies are at a 45-year low as the Iran war continues to tarnish strategic reserves.  Bank of America Global Research data shows that the level of the…

Tankers carrying Saudi crude reverse course after Houthi threats

A pair of tankers carrying Saudi Arabian oil reportedly turned around in the Red Sea on Tuesday, after Yemen’s Houthi rebels announced a “maritime embargo” on the Middle Eastern country.…