Oil reserve

Crude Oil
Biden Sidelined Global Energy Partners with Record Emergency Oil Release
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in IEA, leaving them scrambling to match…
Australia
Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
Joe Biden
Japan Will Act Appropriately on Oil Reserves Release
Japan will act appropriately on oil reserves release while closely watching global developments, the industry minister said on Friday, ahead of a meeting by Int…
Natural Gas
Lukoil Strikes Gas at a Caspian Structure, but Major Oil Prospect Proves to be a Mirage
Russian producer was hoping for a much-needed boost in oil reserves within large licence block in Russian sector of the Caspian Sea
Oil Exploration
ONGC Conducts Seismic Surveys in Tripura to Identify Oil Reserves
ONGC started drilling in Tripura back in 1962. The national oil and gas explorer was awarded acreages at Central Baramura, Aramura Bulge, Tichna and Khubal area…
Oil Price
IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman
The International Energy Agency (IEA)’s decision to release 60 million barrels from emergency oil reserves is not sufficient to meet the supply shortfall cause…
Crude Oil
Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets
The 31 countries of the governing board of the International Energy Agency have agreed to release 60 million barrels of oil from their emergency reserves to “s…
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 & Gas Supply
Japan Willing to Release Oil Reserves
Japanese government officials have indicated a willingness to join other countries in releasing oil reserves.
Crude Oil
South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nati…
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Crude Oil
U.S. May Delay Oil Reserve Release
The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…
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
Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration
Crude Oil
OPEC Considers Lowering Production to Account for Oil Reserve Releases
OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of the…

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Oil reserve

Biden Sidelined Global Energy Partners with Record Emergency Oil Release

Australia ‘Has Just 68 Days of Oil Reserves’

Japan Will Act Appropriately on Oil Reserves Release

Lukoil Strikes Gas at a Caspian Structure, but Major Oil Prospect Proves to be a Mirage

ONGC Conducts Seismic Surveys in Tripura to Identify Oil Reserves

IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman

Ukraine Crisis: IEA Members Vote to Unlock Oil Reserves to Reassure Markets

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

Japan Willing to Release Oil Reserves

South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022

U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17

U.S. May Delay Oil Reserve Release

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

Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover

OPEC Considers Lowering Production to Account for Oil Reserve Releases