Jones Act
3 stories
-
financePhillips 66 Leverages Jones Act Waiver for Texas Crude to East Coast
Phillips 66 utilized a Jones Act waiver, allowing foreign vessels to transport Texas crude to an East Coast refinery, impacting oil price expectations.
-
financeTrump Admin’s Oil Measures Fall Short Amid Strait of Hormuz Closure
With the Strait of Hormuz effectively closed, U.S. gasoline nears $4/gallon despite SPR releases, Jones Act waivers, and Russian oil sanctions relief.
-
financeUS Unlocks Russian Oil to Stabilize Prices Amid Global Tensions
US Treasury Secretary Scott Bessent announces a temporary waiver allowing global purchase of stranded Russian oil, aiming to ease price volatility and address supply chain disruptions.