Strategic oil

Crude Oil

Spain to release 11.5M barrels from strategic oil reserves

The Spanish government on Tuesday approved the release of up to 11.5 million barrels of oil from its reserves in a bid to ease supply shortages.Speaking to repo…

Crude Oil

Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’

President Donald Trump said he plans to fill the US’s strategic oil reserve right to the top after it reached lows not seen since the 1980s under Presiden…

Crude Oil

Biden Administration Slowly Replenishes Strategic Oil Reserve

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

Oil Price

How Biden’s Huge Strategic Oil Release Could Backfire

President Biden’s huge SPR release announcement has pushed WTI prices back below $100.

Crude Oil

U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade

The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA

Crude Oil

Biden “Looking at” Tapping Strategic Oil Reserve, Energy Secretary Says

U.S. President Joe Biden “is looking at” a potential release from the Strategic Petroleum Reserve to bring down gasoline prices after OPEC+ rejected his reque…

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

India Dips in to Weakened Crude Market to Fill up its Strategic Oil Reserves

Ministry of petroleum and natural gas has mandated ISPRL to work closely with public sector oil companies including MRPL to achieve the target of filling up Man…

Crude Oil

US to Top Up Strategic Oil Reserve With 77 Mln Barrels

The Trump administration cancelled plans to sell off a portion of the country's emergency oil reserves earlier this month as OPEC+'s failure to reach an agreeme…

Oil & Gas Trade

China to Bump up Strategic Oil Reserves After Price Crash

Citing people with knowledge of the matter that China is considering the possibility of ramping up the country's strategic oil reserves by buying crude now, esp…

Oil & Gas Trade

Iraq Continues Negotiations with US Exxon Mobil Over Mega Project

Iraq Oil Ministry on Saturday said its negotiations with U.S. Exxon Mobil over a mega project in southern Iraq are still on track, denying reports that the mini…