Trump also promised tax cuts for oil and gas producers, but drillers are hesitant to increase production without higher global prices. The U.S. Administration will fill up fast the Strategic ...

Trump's appeal to US oil producers to extract more oil may have significant implications. To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural ...

It's not like a crude oil spill". "Most of it will evaporate quite quickly and what doesn't evaporate will be degraded by microorganisms quite quickly," he added. He warned though, that "it will ...