Members of the International Energy Agency have agreed to release 400 million barrels of oil from strategic reserves.

The latest release of oil follows historic withdrawals from the Biden administration to combat gas prices from the Ukraine ...

In the second week of the Iran war – with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world’s ...

The Trump administration recently announced it would release 172 million barrels of oil from the United States' Strategic ...

With war in the Middle East raging, oil prices are soaring. To temper the costs, the United States government is turning to ...

President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, ...

India's strategic oil reserves are currently at 64 percent capacity. This comes as the nation relies heavily on imports for ...

The nation's energy vulnerability has been highlighted by supply disruptions, prompting plans for additional reserve ...

Announced in 2017 by Union finance minister Nirmala Sitharaman, the project envisages storing crude oil in underground facilities with a capacity of four million metric tonnes at Chandikhol, about 100 ...

HANOI: Prime Minister Pham Minh Chinh has said that ensuring an uninterrupted supply of petroleum products must remain a top ...

The SPRs — spread across three locations in Andhra Pradesh and Karnataka — are meant to act as a buffer for short-term supply ...

The Ministry of Petroleum and Natural Gas has clarified that the supply situation of petroleum and LPG in the country is ...