United States — Energy Information Administration & Scott Bessent

United States — Energy Information Administration: The United States — Energy Information Administration>>> reported significant declines in global crude and fuel stocks, with draws accelerating in recent months.

Scott Bessent: Scott Bessent, the US Treasury Secretary, is exploring ways to use frozen Iranian assets to aid Gulf allies, indicating a strategic financial move by the US.

United States — Energy Information Administration: The United States — Energy Information Administration provided data on the components of gasoline prices in the United States, highlighting the proportion attributed to oil prices, taxes, refining, and distribution.

Scott Bessent: Scott Bessent, the Treasury Secretary, warned producers and refiners of potential administrative action if pump prices do not decline sharply.

United States — Energy Information Administration: The United States — Energy Information Administration provides data on the components of gasoline prices, illustrating how crude oil costs are the main driver.

Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.