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News & Articles By Sterling Ashworth
05/21/2026
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By Sterling Ashworth
U.S. Crude Inventories Fall 9.1 Million Barrels, Nearly Three Times Larger Than Expected
The American Petroleum Institute estimated that U.S. crude oil inventories fell by 9.1 million barrels in the week ending May 15, according to a report. Analysts had forecast a draw of 3.4 million barrels, making the decline nearly three times larger than expected. The drop marks the second consecutive weekly decline after a 2.188 million […]
05/20/2026
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By Sterling Ashworth
White House Announces Imminent Bitcoin Reserve Plan, Official Says Legal Hurdles Cleared
The White House is on the verge of a formal announcement regarding the U.S. Strategic Bitcoin Reserve (SBR), according to Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets. Witt stated that the administration has cleared a major legal hurdle in establishing the reserve. “We’ll have an announcement,” he said in […]
05/19/2026
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By Sterling Ashworth
Former Italian PM Draghi: U.S. Policies Leave Europe ‘Truly Alone Together’
Former European Central Bank chief and former Italian Prime Minister Mario Draghi stated on May 15, 2026, in Aachen, Germany, that U.S. policies under President Donald Trump have left Europe “truly alone together” and unable to rely on Washington as its primary security guarantor [1]. Draghi made the remarks while being awarded the Charlemagne Prize […]
05/16/2026
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By Sterling Ashworth
China’s Rare Earth Controls Persist Despite Talks, Customs Data Shows
China’s export restrictions on heavy rare earth elements remain in effect more than a year after they were imposed, according to trade data and industry reports, despite diplomatic efforts to reach a resolution. Shipments of key materials including yttrium, dysprosium and terbium have declined by roughly half compared to pre-control levels, data from customs agencies […]
05/15/2026
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By Sterling Ashworth
Ghana to Evacuate 300 Citizens from South Africa Amid Xenophobic Attacks
Ghana Announces Evacuation of Citizens Ghanaian President John Mahama approved the immediate evacuation of 300 citizens from South Africa, following what Accra described as a fresh wave of xenophobic attacks targeting foreign nationals, according to Ghanaian Foreign Minister Samuel Okudzeto Ablakwa. Ablakwa stated in a post on X that the “distressed” Ghanaians had registered with […]
05/14/2026
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By Sterling Ashworth
Appeals Court Restores Trump’s 10% Global Tariff Plan Pending Legal Challenge
A federal appeals court on May 12, 2026, reinstated President Donald Trump’s 10% global tariff plan, lifting a previous injunction that had blocked its implementation while litigation continues. The ruling by the U.S. Court of Appeals for the Federal Circuit allows the tariffs to take effect within 10 days, according to the court order, unless […]
05/14/2026
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By Sterling Ashworth
U.S. Releases 53 Million Barrels From Strategic Petroleum Reserve Amid Rising Gas Prices
The U.S. Department of Energy (DOE) announced Monday, May 11, that it will loan 53 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated gas and oil prices amid the conflict with Iran, according to a DOE news release. [1] Deliveries will begin immediately, […]
05/14/2026
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By Sterling Ashworth
Modi Urges Fuel Conservation as Oil Shock Intensifies
Indian Prime Minister Narendra Modi on Sunday urged citizens to reduce fuel consumption by working from home and limiting travel, according to reports. “In the current situation, we must place great emphasis on saving foreign exchange,” Modi said, as quoted by Reuters [1][2]. The appeal comes as India faces mounting pressure from rising oil prices […]
05/13/2026
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By Sterling Ashworth
Trump Administration Moves to Temporarily Cut Beef Import Tariffs; Ranchers Warn of Limited Relief
The White House is preparing an executive order that would temporarily suspend the tariff-rate quota on beef imports, according to a statement provided to Reuters. The move is intended to lower domestic beef prices as U.S. cattle herds have fallen to their lowest level in 75 years and supermarket ground beef prices hover near $7 […]
05/06/2026
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By Sterling Ashworth
UAE Withdraws From OAPEC Following Exit From OPEC Alliance
The United Arab Emirates has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), the group announced on X on Sunday, with the exit taking effect on May 1, according to [1]. The decision coincides with Abu Dhabi’s withdrawal from OPEC and the broader OPEC+ alliance on the same date. OAPEC stated, “While […]
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