Oil stock

Oil & Gas Supply

IEA consulting with governments on further oil stock releases

March 23- The International Energy ​Agency is consulting with governments in ‌Asia and Europe on the release of more stockpiled oil "if necessary" , ​Executi…

Crude Oil

China Builds a Crude Oil War Chest Amid Middle East Tensions

China's crude oil stockpiles continue to grow as the nation refines less than its combined imports and domestic production, maintaining its position as the …

Crude Oil

US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve

A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the wor…

Crude Oil

US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019.U.S. crude oil stocks excluding th…

Renewable Diesel

Malaysia’s End-December Palm Oil Stocks Decline for Third Straight Month on Lower Output

Malaysia’s palm oil inventories are forecast to fall in December, for a third consecutive month, amid declining production due to recent heavy rainfall th…

Oil Price

Canadian Oil Stocks Rise on Trudeau Resignation

Canadian oil and gas stocks climbed Monday on the news of Prime Minister Justin Trudeau’s resignation, but analysts say the country’s fossil fuel se…

Crude Oil

US Crude Oil Stocks Fall for Fifth Straight Week

US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline.Data released today, Dec. 27, by the US Energy …

Oil Price

Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out

Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…

Crude Oil

U.S. Crude Oil Stockpiles Fall Unexpectedly

U.S. crude oil stocks fell unexpectedly last week as refineries raised their capacity use and a decline in imports offset an increase in production to a record …

Oil & Gas Trade

US Buys 4.65 Million Barrels for Emergency Oil Stockpile

The U.S. Department of Energy said on Monday it had finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve, for …

Oil & Gas Trade

US Ready to Reopen Oil Stockpile if Petrol Prices Surge Again, FT Reports

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Gu…

Oil Price

Further Oil Stock Releases by Iea Member Countries ‘on the Table’

Further releases of oil stocks by International Energy Agency member countries are on the table in the event of market disruptions, the agency's chief energ…

Crude Oil

U.S. Emergency Oil Reserves Tumble to Lowest Since 1984

U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of En…

Crude Oil

IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels

The International Energy Agency (IEA) has confirmed it will release 120 million barrels of oil.

Oil Price

IEA to Release New Emergency Oil Stock to Curb Market Turmoil

The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s wa…