oil-reserves
3 stories related to this topic, newest first.
M. Waller Clifton / Wikimedia (Public domain)Australia Plans $7 Billion Investment in National Fuel Reserve
The Australian government announced a plan to spend A$10 billion, equivalent to $7 billion, on building a national fuel stockpile to cover at least 50 days of demand. Prime Minister Anthony Albanese stated the initiative aims to enhance energy security amid ongoing challenges. Th…
thehindubusinessline.comIranian Official Claims Country's Oil and Gas Reserves Would Counter Naval Blockade Effects
Mohammad Mokhber, advisor and deputy to Iran's leader, highlighted the country's control over 20 percent of global oil and over 18 trillion cubic meters of gas. He stated that a naval blockade would not revert Iran to the Stone Age but would instead plunge others into crisis. The…
france24.comFrance's Reserves Stand at 100 Million Barrels With Less Than 2% of Strategic Stocks Used, Minister States
A French minister reported that the country's reserves are at 100 million barrels, with under 2% of strategic stocks utilized so far. This data highlights the current status of France's energy reserves. FirstSquawk reported the minister's statement on the matter.