Oil stock

Oil Price

India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices

India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the…

Crude Oil

India may Draw on Oil Reserves to Soften Prices as Ukraine's Invasion Disrupts Global Supplies

India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia's invasion of Ukraine will disrupt global supplies.

Oil Price

Japan, Australia Monitoring Oil Market for Impact from Ukraine Conflict

Japan and Australia said on Thursday they were closely watching oil prices for any impact from hostilities in Ukraine, with Australia saying it was prepared to …

Oil Price

Oil Falls After Increases in U.S. Crude, Fuel Stockpiles

Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in th…

Video: Expect a Big Rebound in Global Energy Demand in 2021

Oil prices have broken through $50 a barrel for the first time since February, and Big Oil stocks have seen a bounce with Exxon up 44% from its year low and Che…

Oil Price

Oil Climbs on Drop in US Oil Stockpiles, Solid Demand Outlook

The drawdown came before the Colonial Pipeline was hit by a cyberattack last Friday which forced the pipeline, which transports more than 2.5 million barrels a …

CNOOC

Trump Escalates Ban On Holding Chinese Oil Stocks, Delisting May Be Next

The Trump Administration is banning as of November 2021 the holding of shares in any Chinese company defined by the U.S. as having links to the Chinese military…

Crude Oil

Storage Levels for Crude Oil are Starting to Decline as Economies Recover

As economies reopen, oil stocks in Cushing have been drawn down to 52 million barrels since its peak of 65 million in May.

United States

India to Create its First Overseas Oil Stockpile in US

India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…

Several Agreements Signed at US-India Strategic Energy Partnership Ministerial Meeting

They also discussed the possibility of India storing oil in the US Strategic Petroleum Reserve to increase their nation's strategic oil stockpile.

Crude Oil

US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA

US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.