Tag: Energy Department

Energy, Industry Focus Areas

US Buys 2.8 Million Barrels of Oil for Strategic Reserve

March 28, 2024

Via: Transport Topics

The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies. The Energy Department has been slowly refilling the Strategic Petroleum Reserve after it reached a 40-year-low following the Biden […]

Energy, Industry Focus Areas, Regulations

Energy Department Rejects $200 Million Grant to Microvast

May 24, 2023

Via: Transport Topics

The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China. Texas-based Microvast was one of 20 companies to win preliminary grants […]