Topic
oil-reserves
10 stories related to this topic, newest first.
foxnews.compolitics6 days ago
U.S. oil reserves fall below 2023 levels after Biden-era releases
U.S. oil reserves have dropped below the levels recorded after releases made in 2023. The drawdown follows earlier withdrawals intended to address energy market pressures linked to the Ukraine conflict.
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thehindu.comfinance16 days ago
U.S. to Add 40 Million Barrels to Strategic Petroleum Reserve
Energy Secretary Wright said the United States will replenish the reserve by 40 million barrels once the Iran conflict concludes. The announcement was reported by Fox Business.
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swissinfo.chfinance25 days ago
Chinese Premier Visits Four Strategic Oil Reserve Sites
Premier Li Qiang toured four state petroleum reserve facilities in recent days. State media also reported his call to coordinate strategic and commercial oil storage.
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upi.comfinance33 days ago
Japan and South Korea Plan Joint Oil Reserves for Energy Cooperation
Japan and South Korea agreed to deepen energy cooperation through shared oil reserves. The move aims to strengthen supply security for both countries amid global market uncertainty.
axios.comfinance34 days ago
U.S. Strategic Petroleum Reserve Drops by Nearly 10 Million Barrels in One Week
The U.S. Strategic Petroleum Reserve recorded its largest weekly decline on record. The draw totaled almost 10 million barrels according to data cited by Patrick de Haan of GasBuddy.
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foxnews.comfinance41 days ago
US Strategic Petroleum Reserve Releases Record 8.6 Million Barrels in One Week
The US Strategic Petroleum Reserve released more than 1.22 million barrels per day last week, totaling about 8.6 million barrels. The weekly volume exceeds the previous peak rate recorded in 2022. The release occurred under the current administration, which took office in January…
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tfipost.compolitics42 days ago
Trump to Meet Xi Jinping for State Visit as Iran Conflict Disrupts Global Oil Markets
Premier Xi Jinping will host President Donald Trump on May 14 and 15 as the war in Iran dominates their agenda. China has built the world's largest crude oil stockpile while continuing to import Iranian oil in defiance of U.S. sanctions. Beijing's reserves averaged 360 million ba…
japantoday.comfinance47 days ago
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.comfinance52 days ago
Iranian 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…
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france24.comfinance53 days ago
France'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.
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