Trump Meets With Top Officials On Pipeline Expansions

tankers are currently en route to the U.S. Gulf Coast to load cargoes, compared with an average of about 110 vessels in a typical month.

The increase in tanker traffic comes as countries across Europe and Asia work to secure energy supplies amid rising prices. Germany has implemented emergency fuel relief measures, while officials in the Philippines have declared a national energy emergency, reflecting broader global demand for U.S. oil and gas supplies.

On Monday, U.S. West Texas Intermediate crude futures rose 2.6% to settle at $99.08 per barrel. Meanwhile, the international benchmark Brent crude closed at $99.36 per barrel, up 4.37% on the day, Just the News reported.