Oil-consuming nations will bring 60 million barrels of crude out of storage and onto global markets. It's supposed to calm oil prices down, but global crude went up on the news.
The boom that helped make the U.S. the world's largest oil producer could be ending. Oil prices are down amid weak demand, and investors no longer seem willing to write the industry a blank check.
At the midpoint of his four-year term, President Trump has delivered on some campaign promises and ignored others, while many are still works in progress.
Shell CEO Ben van Beurden says he wants the U.S. to remain in the 2015 Paris climate accord. Energy companies like Exxon Mobil and BP have also urged President Trump to continue supporting the deal.
"The choice of Tillerson is sensational. Trump continues to amaze," a Russian senator tweeted. The Kremlin was more circumspect, but it's clear the ExxonMobil chief has high-level fans.
Oklahoma's earthquake boom is now a national security threat. No damage has been reported, but operators at the hub are on high alert for a disruption that would ripple through the U.S. energy market.