Topic
strategic-reserves
5 stories related to this topic, newest first.
foxbusiness.comfinance14 hrs ago
Countries Plan Expanded Oil Storage After Hormuz Closure
The temporary closure of the Strait of Hormuz stranded more than 10 million barrels per day of crude. Import-dependent nations in Asia are now expanding strategic petroleum reserves to reduce future supply risks.
gurufocus.comfinance6 days ago
U.S. Crude Inventories Fall 17.8 Million Barrels in Record Weekly Drawdown
Total U.S. crude inventories dropped 17.8 million barrels last week, the largest weekly decline on record. The Strategic Petroleum Reserve alone lost 9.9 million barrels, bringing its level to 374 million barrels after 42 million barrels have been released since the Iran war bega…
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freepressjournal.infinance44 days ago
Global Oil Inventories Fall at Record Pace as Middle East Supply Disruptions Continue
The last tankers from the Persian Gulf have reached their destinations as strategic reserves are drawn down to offset lost Middle East supply. Global oil inventories are declining at a record pace according to media reports this week. OilPrice.com reported that the situation rema…
freepressjournal.infinance43 days ago
Global Oil Inventories Fall at Record Pace as Conflict Disrupts Hormuz Strait
Global oil stockpiles have fallen by 4.8 million barrels per day from March 1 to April 25 as the ongoing conflict has throttled flows through the Strait of Hormuz since late February. The drawdown has pushed visible stocks near their lowest levels since 2018, with analysts warnin…
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manilatimes.networld58 days ago
Philippine Diesel and Kerosene Prices to Drop for Third Week, Gasoline to Increase Slightly
Energy Secretary Sharon Garin announced a P12.94 per liter reduction for diesel and P15.71 per liter for kerosene effective April 28 to May 4, 2026. Gasoline prices will rise by P0.53 per liter in the same period. These changes follow substantial rollbacks in prior weeks amid eas…