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

The U.S. is releasing oil from its strategic reserve as part of a coordinated effort by the International Energy Agency to ...

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

The U.S. Energy Department plans to loan 10 million more barrels from the Strategic Petroleum Reserve as the Iran conflict ...

The proposal for a national oil reserve system began taking concrete shape under the government of Atal Bihari Vajpayee in ...

Oil futures ticked up into the high $80s per barrel on Wednesday after the Group of Seven nations agreed to release a ...

Petron Corp. general manager Luben Nepomuceno recommends putting up a national 'strategic stockpile' which is a 'best ...

Oil prices have soared since the U.S. and Israel launched their war against Iran, and President Donald Trump is now turning ...

With war in the Middle East raging, oil prices are soaring. To temper the costs, the United States government is turning to oil stored in massive salt caverns. The US Department of Energy (DOE) ...

The U.S. Energy Department has unveiled plans to loan as much as 10 million barrels of crude oil from its Strategic Petroleum ...

Gas prices are surging across the U.S., with motorists paying about 20% more per gallon than before the start of the U.S. war with Iran. Experts say one option that could help tame prices at the pump ...

These commercial volumes are separate from the country’s strategic petroleum reserve, which remains untouched. Read more at ...