Oil reserves

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. 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
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
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…

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Oil reserves

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

Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover

Japan PM Confirms Oil Reserves May Be Released to Curb Prices

China Begins Releasing Oil from Its Strategic Reserves

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