#strategic-oil-reserves

[ follow ]
#energy-security #international-energy-agency #middle-east-conflict #energy-market-disruption
fromwww.aljazeera.com
7 hours ago

IEA announces release of 400 million barrels of oil. But is it enough?

The International Energy Agency (IEA), a global energy watchdog, with several of the wealthiest countries as member nations, has announced the largest release of government oil reserves in its history, two weeks after the United States and Israel started their war on Iran with strikes on Tehran.
World politics
World news
fromwww.dw.com
8 hours ago

Who holds the biggest strategic oil reserves?

Thirty-two countries released hundreds of millions of barrels from strategic reserves to control oil prices, but Iran's Strait of Hormuz attacks and regional production cuts kept prices elevated near $100 per barrel.
#energy-security
Canada news
fromwww.cbc.ca
12 hours ago

Amid an energy crisis, the world is drawing on its oil reserves. Why doesn't Canada have any? | CBC News

Canada lacks a strategic oil reserve unlike other G7 nations, while the IEA releases 400 million barrels to address Middle East supply disruptions.
Canada news
fromwww.cbc.ca
12 hours ago

Amid an energy crisis, the world is drawing on its oil reserves. Why doesn't Canada have any? | CBC News

Canada lacks a strategic oil reserve unlike other G7 nations, while the IEA releases 400 million barrels to address Middle East supply disruptions.
more#energy-security
Germany news
fromThe Local Germany
2 days ago

Germany to release oil reserves amid Mideast war

Germany releases 2.4 million tons from its oil reserves to help lower global oil prices amid Middle East conflict, while limiting petrol station price increases to once daily.
fromwww.npr.org
2 days ago

Countries agree to historic release of stockpiled oil to ease the global disruption

The unanimous decision by the members of the IEA, which represents some of the world's biggest oil-consuming nations, is meant to address the acute disruption in oil trade caused by the war. It's the largest release of crude oil the IEA has ever coordinated, and only the sixth time the group has released oil to balance crude markets.
US news
Miscellaneous
fromwww.aljazeera.com
2 weeks ago

Hungary to block 90 billion euro EU loan to Ukraine in Russian oil dispute

Hungary will block a €90 billion EU loan to Ukraine until oil shipments via the Druzhba pipeline resume, and tapped strategic reserves amid halted flows.
[ Load more ]