Minister of Foreign Affairs Lin Chia-lung (林佳龍) and King Mswati III of Eswatini presided over an unveiling ceremony for an ...

With an authorized storage capacity of approximately 714 million barrels, the Strategic Petroleum Reserve is the world's largest supply of emergency crude oil and was established primarily to ...

Biden orders release of 1 million barrels oil a day from strategic reserve to hit brakes on gas prices President Joe Biden is ordering the release of 1 million barrels of oil per day from the ...

The DOE awarded Strategic Storage Partners a $1.4-billion contract to manage and operate the U.S. Strategic Petroleum Reserve for an ... The federally owned oil stocks are stored in underground ...

Occidental's recent selloff is overdone. Read why I think OXY's upside potential outweighs the downside risks in current ...

Press releases won’t fuel jets. And wind turbines won’t fill up a truck in an emergency. The answer is a full Strategic Petroleum Reserve, filled with American oil, purchased at a smart ...

It was built into the system as a kind of emergency release — and the pressure ... Unlike stimulus programs or strategic oil reserves, Rickards says this asset has never been monetized ...

Japan is considering the unprecedented release of ... world’s largest oil-consuming nations--including China and India--to consider releasing oil from their strategic reserves after members ...

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations. Biden and his ...

It was built into the system as a kind of emergency release - and the pressure's finally high ... Unlike stimulus programs or strategic oil reserves, Rickards says this asset has never been monetized, ...