Indian energy importers have reduced the volume of liquefied natural gas they buy from abroad as prices trend higher. Instead, they are buying more oil products, Bloomberg reported. Two energy majors—Gail India and Indian Oil Corp.—had recently canceled LNG purchase tenders because of the price, the publication noted in its report,

Valero Energy on April 24 said it would cease operations at its 170,000-barrel-per-day San Francisco-area oil refinery next year amid worries about California’s declining fuel supplies and high gasoline prices. The decision clarifies plans for the Benicia refinery after the San Antonio, Texas-based refiner last week announced its intent to “idle, restructure,

President Trump said in an interview Sunday that rising prices on certain items amid his trade wars are “peanuts” in comparison to less expensive gas. In the interview on “Meet the Press,” NBC News’s Kristen Welker noted that “some prices are going up, tires, strollers, some clothing in the wake of your tariffs.”

When President Donald J. Trump stood before a joint session of Congress earlier this year and declared Alaska LNG a top national priority, he sent a strong signal to the world that America would once again act boldly to unleash the full might of its energy potential. If his administration can follow through on