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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

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President 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

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India 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)

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India, 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.

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India 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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