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Latest Articles in oil reserves
Oil Rises From 3-week Low As Supply Concerns Linger
International Energy Agency member countries on Wednesday agreed to release 60 million barrels on top of a 180 million-barrel release announced by the United States last week to help drive down prices in a tight market following Russia's invasion of Ukraine but analysts and traders said even with the emergency oil stocks release, supply remained tight
Read MorePresident Biden Launches Record Oil Release From Emergency Reserves
The announcement comes as part of a broad effort by Biden to tackle raging inflation that has hurt U.S. consumers and threatens Biden's fellow Democrats as they seek to maintain control of Congress in the November elections
Read MoreIndia Backs US' Decision To Release Oil From Reserves To Cool Prices
International benchmark Brent crude fell around 4 per cent to USD 108.85 per barrel at around 13.30 Hrs (IST)
Read MoreIndia, Japan Working On Oil-Stock Release After US Request: Report
Three Indian government sources said on Monday they were holding consultations with the United States on the release of oil from strategic reserves.
Read MoreIndia Seeks $2.2 Billion To Build Second Phase Of Strategic Oil Reserves
Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country
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