New release of oil reserves will put U.S. supplies at 40-year low
The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.
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The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine war.
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
The Strait of Hormuz sees roughly 20% of the world's oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins "The Takeout" with analysis.
The International Energy Agency agreed Wednesday to release 400 million barrels of oil from its strategic reserves to alleviate the shortage caused by the Strait of Hormuz shutdown. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
With oil exports through the Strait of Hormuz halted, the International Energy Agency is meeting with G7 countries about whether they should tap their strategic petroleum reserves. CBS News reporter Kati Weis is following the debate.
The U.S. will be releasing one million barrels of oil a day from the country's Strategic Petroleum Reserve for the next six months in an effort to mitigate high gas prices, President Biden announced Thursday. Watch his remarks in this CBS News Special Report.
President Biden on Tuesday announced the release of oil from the Strategic Petroleum Reserve in an effort to lower gas prices amid the Thanksgiving holiday. Major Garrett anchors a special report from Washington, D.C., on the president's decision, Weijia Jiang joins from the White House and Jill Schlesinger discusses the economic impact.
President Biden unveiled his three-step plan Wednesday to lower oil prices. Part of that plan is the release of 15 million barrels of oil from the U.S. strategic reserve. The announcement comes weeks after OPEC+ announced it was cutting oil production, a decision that drove gas prices up. CBS News senior White House and political correspondent Ed O'Keefe discussed the president's plan.
In a speech Tuesday, President Biden pledged that if Democrats keep control of both chambers of Congress, the first bill he'll send them in 2023 will be legislation to codify Roe v. Wade. CBS News senior White House and political correspondent Ed O'Keefe joins "Red & Blue" to discuss the latest from the White House.
The Biden administration is releasing oil from the Strategic Petroleum Reserve to help combat high gas prices. CBS News senior White House and political correspondent Ed O'Keefe, Politico political reporter Maya King and Washington Post national political reporter Theo Meyer join CBSN's "Red & Blue" anchor Elaine Quijano to discuss the latest.
President Biden announced he will release 1 million barrels of oil from the Strategic Petroleum Reserve every day through October to combat rising gas prices and inflation. Analysts say this will result in a moderate drop in prices ahead of increased summer demand. CBS News transportation correspondent Errol Barnett reports from Maryland.
The president criticized oil companies for failing to produce what the country needs, while sitting on "record profits."
Reports that the U.S. will release more crude from the nation's Strategic Petroleum Reserve could ease prices at the pump.
As Trump issues a new warning to Iran to comply with a tenuous two-week ceasefire, the two sides don't even seem to agree on the terms of the deal.
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
The search for Lynette Hooker is ongoing in the Bahamas, as the U.S. Coast Guard takes the lead on investigative efforts and has launched a criminal investigation, a U.S. official said.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
British and Norwegian militaries led a weekslong operation to deter Russian submarines in the North Atlantic, the U.K. military said.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Prosecutors are seeking Tiger Woods' prescription drug records from a Florida pharmacy.
A CBS News investigation found one Los Angeles County hospice physician's name, Dr. Rajiv Bhuva, on Medicare claims for nearly 2,800 patients across 126 hospices in a single year.
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
The search for Lynette Hooker is ongoing in the Bahamas, as the U.S. Coast Guard takes the lead on investigative efforts and has launched a criminal investigation, a U.S. official said.
Jurors delivered their verdict Wednesday in the trial of an anesthesiologist accused of trying to kill his wife during a cliffside hike in Hawaii.
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
Many brands are turning to AI to advertise their products. Others are rejecting the technology, pledging to lean into "real" images.
Cameras on some Chevrolet Malibus can display blank or distorted images, posing a risk to drivers, according to safety regulators.
Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Abdul El-Sayed's decision to campaign with Hasan Piker has drawn scrutiny from across the political spectrum given comments the popular streamer has made on the Israel-Hamas war.
It's the latest setback for the Trump administration on the issue, which has sought to terminate the TPS designation for 13 countries as part of the president's crackdown on immigration.
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
British and Norwegian militaries led a weekslong operation to deter Russian submarines in the North Atlantic, the U.K. military said.
As Trump issues a new warning to Iran to comply with a tenuous two-week ceasefire, the two sides don't even seem to agree on the terms of the deal.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Billy Idol speaks with Anthony Mason about his music career, his life, his stage persona and more.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
Marcus Mumford, Ben Lovett and Ted Dwane, members of Mumford & Sons, talk to Anthony Mason about their new album, "Prizefighter," moving forward without Winston Marshall in the band and their upcoming tour.
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Trump administration changes to the U.S. H-1B visa program have impacted the global talent coming to the U.S. CBS News' Shanelle Kaul reports from India.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
On Monday, the astronauts aboard the Artemis II spacecraft will loop around the Moon's far side, part of a mission pushing human beings farther from Earth than anyone has ever been. Correspondent Mark Strassmann talked with commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen as the crew was about 180,000 miles from home, preparing for their historic lunar flyby.
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
Gerhardt Konig, the anesthesiologist accused of trying to kill his wife in Hawaii last year, was found guilty Wednesday of attempted manslaughter based upon extreme mental or emotional disturbance.
Jurors delivered their verdict Wednesday in the trial of an anesthesiologist accused of trying to kill his wife during a cliffside hike in Hawaii.
Serial killer Rex Heuermann admitted to killing eight women on Long Island over the span of 17 years, ending in 2010. He will now spend the rest of his life in prison. Tom Hanson reports.
In Southern California, a 29-year-old man is accused of starting a massive fire at a warehouse where he worked. Jonathan Vigliotti reports.
Rex Heuermann on Wednesday changed his plea to guilty for killing seven women on New York's Long Island between 1993 and 2011. The string of murders came to be known as the Gilgo Beach serial killings. CBS News' Bradley Blackburn and Caroline Polisi have more.
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
The crew of NASA's Artemis II mission captured a new image of the far side of the moon, which the agency released Sunday.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
There have been new strikes in the Iran conflict despite the temporary two-week ceasefire. Plus, police arrest the husband of an American woman who went missing in the Bahamas. All that and all that matters in today's Eye Opener.
ALL NEW: A mother disappears leaving her young daughter in despair. Decades later, information leads to a secret grave. "48 Hours" correspondent Peter Van Sant reports Saturday, April 11 at 10/9c on CBS and streaming on Paramount+.
The four Artemis II astronauts hold an in-flight news conference from aboard the Orion spacecraft before their return to Earth. They discuss naming the lunar crater after Reid Wiseman's late wife, Carroll, how the mission has changed them and more.
Gerhardt Konig, the anesthesiologist accused of trying to kill his wife in Hawaii last year, was found guilty Wednesday of attempted manslaughter based upon extreme mental or emotional disturbance.
U.S.-Iran ceasefire in fragile place; NATO chief Mark Rutte meets with President Trump at the White House.