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Crude Oil Reserves

Iran may drain offshore crude oil cache if nuclear agreement reached

About 93 million barrels of Iranian crude and condensate are currently stored on vessels in the Persian Gulf, off Singapore and near China

Iran may drain offshore crude oil cache if nuclear agreement reached
Updated On : 29 Aug 2022 | 10:37 AM IST

Oil falls nearly 13%, most in 2 years after oil stockpile release

Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever US oil reserves release

Oil falls nearly 13%, most in 2 years after oil stockpile release
Updated On : 02 Apr 2022 | 8:17 AM IST

India to release 5 mn barrels of crude from reserves in bid to cool prices

This coordinated release of crude oil from strategic reserves will be the first of its kind globally

India to release 5 mn barrels of crude from reserves in bid to cool prices
Updated On : 23 Nov 2021 | 11:40 PM IST

India to release 5 million barrels of crude oil from strategic reserves

India plans to release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices, a top government official said on Tuesday

India to release 5 million barrels of crude oil from strategic reserves
Updated On : 23 Nov 2021 | 2:02 PM IST

House Democrats urge Biden to release oil reserves, put a ban on exports

Democrats in the House of Representatives urged President Joe Biden to release crude oil from the US Strategic Petroleum Reserve (SPR)

House Democrats urge Biden to release oil reserves, put a ban on exports
Updated On : 23 Nov 2021 | 10:49 AM IST

Oil prices slip on talks over release of emergency crude reserves

Oil prices dropped on Tuesday on growing talks that the United States, Japan and India will release crude reserves to tame prices

Oil prices slip on talks over release of emergency crude reserves
Updated On : 23 Nov 2021 | 9:43 AM IST

Oil prices at 6-week low as China readies for crude oil reserve release

Brent crude was down 41 cents, or 0.5%, to $79.87 a barrel by 0712 GMT, after earlier dropping to $79.60, the lowest since Oct. 7

Oil prices at 6-week low as China readies for crude oil reserve release
Updated On : 18 Nov 2021 | 1:11 PM IST

China's state reserve bureau says it's working on crude oil release

Beijing also said earlier this month it would tap its state fuel reserves to tame the soaring diesel and gasoline prices.

China's state reserve bureau says it's working on crude oil release
Updated On : 18 Nov 2021 | 8:25 AM IST

Oil prices steady after falling on signs US may release more reserves

Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States

Oil prices steady after falling on signs US may release more reserves
Updated On : 11 Nov 2021 | 11:10 AM IST

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw

Oil steady; US gasoline demand offsets China move to tap oil stocks
Updated On : 09 Sep 2021 | 10:34 PM IST

Oil prices fall as Saudi supply risks abate, stronger dollar

Dollar-denominated oil prices typically fall when the greenback strengthens since the commodity becomes more expensive for buyers paying in other currencies

Oil prices fall as Saudi supply risks abate, stronger dollar
Updated On : 09 Mar 2021 | 2:19 PM IST

Private Indian refiners likely to get stake in crude oil reserves

The project, estimated to cost Rs 100 billion, is likely to be done on a public-private partnership mode

Private Indian refiners likely to get stake in crude oil reserves
Updated On : 19 Feb 2018 | 12:32 AM IST