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Oil stockpile

Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
Crude Oil
U.S. Crude Oil Stockpiles Fall Unexpectedly
U.S. crude oil stocks fell unexpectedly last week as refineries raised their capacity use and a decline in imports offset an increase in production to a record …
Oil & Gas Trade
US Buys 4.65 Million Barrels for Emergency Oil Stockpile
The U.S. Department of Energy said on Monday it had finalized a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve, for …
Oil & Gas Trade
US Ready to Reopen Oil Stockpile if Petrol Prices Surge Again, FT Reports
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Gu…
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…
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 …
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.