Oil Reserves
IOCL selects Reliance Jio managed network services for its retail outlets
Jio has won IOCL order for providing SD-WAN solutions for retail automation and critical business processes, such as payment processing, QOS and 24x7 support
 "IOCL selects Reliance Jio managed network services for its retail outlets")
Oil prices rise in tight market as US sets release of more reserves
Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain Chinese demand growth and news that United States will release more crude from its reserves
 "Oil prices rise in tight market as US sets release of more 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")
Oil jumps toward $108 as supply fears persist despite reserves release
Oil also gained support from a pause in talks in Vienna to revive the Iran nuclear deal
 "Oil jumps toward $108 as supply fears persist despite reserves release")
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")
Biden announces 'historic' oil reserve release amid elevated gas prices
US President Joe Biden announced that his administration will release 1 million barrels of oil per day for the next six months from its strategic reserve in an effort to tame elevated gas prices.
 "Biden announces 'historic' oil reserve release amid elevated gas prices")
Biden to release of 1 mn barrels of oil a day to ease pump prices
Higher prices have hurt Biden's approval domestically, while also adding billions of oil-export dollars to the Russian war chest as it wages war on Ukraine
 "Biden to release of 1 mn barrels of oil a day to ease pump prices")
Oil prices dive as US considers record reserve release of 180 mn barrels
Brent crude futures for May fell $4.87, or 4.3%, to $108.58 a barrel by 0855 GMT
 "Oil prices dive as US considers record reserve release of 180 mn barrels")
US President Biden planning to tap oil reserve to control gas prices
President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve, in a bid to control energy prices that have spiked
Trading on a buffer: Can India afford to commercialise its fuel reserves?
India's decision to commercialise half its strategic petroleum reserves could jeopardise its energy security
 "Trading on a buffer: Can India afford to commercialise its fuel reserves?")
Japan's plan to release oil reserve unchanged despite price drop: Minister
Japan's plan to release oil from strategic reserves despite the recent drop in oil prices, industry minister Koichi Hagiuda said
 "Japan's plan to release oil reserve unchanged despite price drop: Minister")
Oil mixed, investors sceptical about effectiveness of joint reserve release
TOKYO (Reuters) -Oil prices largely held gains Wednesday, with investors sceptical about the effectiveness of a U.S.-led coordinated release of stocks from strategic reserves and turning their focus to the next step by oil producers.
 "Oil mixed, investors sceptical about effectiveness of joint reserve release")
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")
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")
US set to unveil oil release from emergency stockpile to lower prices
The United States is expected to announce a loan of crude oil from its emergency stockpile on Tuesday
 "US set to unveil oil release from emergency stockpile to lower prices")
Top headlines: RBI reviews banks' strategies, Akasa orders 72 Boeing jet
The government is looking at classifying cryptocurrency exchanges as e-commerce platforms. More on that in Business Standard brings the top headlines at this hour.
 "Top headlines: RBI reviews banks' strategies, Akasa orders 72 Boeing jet")
India advises against sales of oil reserves at Adipec conference
The world's biggest oil and gas companies and many OPEC+ energy ministers are in Abu Dhabi this week for Adipec
 "India advises against sales of oil reserves at Adipec conference")
In a first, China taps strategic reserves to cool down oil prices
The announcement comes amid surging energy costs in China, not just for oil but also for coal and natural gas, and electricity shortages that have forced some factories to cut production
 "In a first, China taps strategic reserves to cool down oil prices")
Hindustan Paper Corp liquidator urged to disclose valuation of oil reserves
There are more than three natural oil well reserve points in the Cachar Paper Mill Township and the land area is reportedly in a lease rent agreement with ONGC
 "Hindustan Paper Corp liquidator urged to disclose valuation of oil reserves")
Next oil reserves plan by Sept, to see Rs 14K-crore investment: ISPRL
Request for proposal document awaiting Centre's nod
 "Next oil reserves plan by Sept, to see Rs 14K-crore investment: ISPRL")
