Oil reserve

Oil Price
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…
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…
China
PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale
The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.
Crude Oil
DPR Plans Incentives for Operators, Eyes 50bn Barrels Oil Reserves
According to him, effective implementation of the MER strategies would deliver greater value overall to all stakeholders.
Qatar
Qatar To Build A Luxury Floating Hotel That Generates Electricity
Qatar, one of the richest countries in the Middle East thanks to its massive LNG exports and oil reserves, plans to build a floating eco-hotel that would spin v…
Crude Oil
Only 36% Of Russia’s Oil Reserves Are Profitable
Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an article for …
Crude Oil
Libya Oil Comes Back to Life but with Fragile Infrastructure
Libya is now producing 1,224 million barrels per day — a tenfold increase from a 121,000 bpd average in the third quarter of 2020, before the ceasefire deal.
Crude Oil
U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their tot…
Crude Oil
Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry
The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."
Crude Oil
Libya to Resume Oil Production at Largest Field Amid Talks
Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's l…
Top 15 Country with the Largest Oil Reserves (1980-2018)
Top 15 Country with the Largest Oil Reserves (1980-2018).
Oil & Gas Trade
Venezuela Restarts Gasoline Output At Only Operating Refinery
Venezuela's state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world's largest oil reserves that is …
Oil & Gas Trade
Libya's NOC Blames UAE for Halt to Oil Output, Exports
Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.
Crude Oil
China at Record Pace on Storage, Propping Up Oil Prices
China has been replenishing its oil reserves at a record pace.

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Oil reserve

Japan PM Confirms Oil Reserves May Be Released to Curb Prices

China Begins Releasing Oil from Its Strategic Reserves

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

PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale

DPR Plans Incentives for Operators, Eyes 50bn Barrels Oil Reserves

Qatar To Build A Luxury Floating Hotel That Generates Electricity

Only 36% Of Russia’s Oil Reserves Are Profitable

Libya Oil Comes Back to Life but with Fragile Infrastructure

U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline

Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry

Libya to Resume Oil Production at Largest Field Amid Talks

Top 15 Country with the Largest Oil Reserves (1980-2018)

Venezuela Restarts Gasoline Output At Only Operating Refinery

Libya's NOC Blames UAE for Halt to Oil Output, Exports

China at Record Pace on Storage, Propping Up Oil Prices