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The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.
Read More »US Considers Tapping Emergency Oil Stockpiles to Decline Prices
US-Caused Oil Spike will Slow Growth. add to Tariff Impact
The US president had launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia.
Read More »Russia Considers $50bn in Iran Oil Industry
Russia is ready to invest in crude exploration and production. as well as refining.
Read More »Current Level of Oil Prices Stems from US Trade War
A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.
Read More »Venezuela`s Opposition Is Trying to Save PDVSA
A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.
Read More »Venezuela’s Oil Crisis
China has decided to invest &.25 million to help slow the decline underway in Venezuela.
Read More »Kazakhstan Continues Increasing Oil Production
Kazakhstan keeps on increasing oil production despite its participation in OPEC+ deal.
Read More »EU Firms Ask US to Let Them Trade with Iran
Germany. Britain and France have asked the Trump Administration to provide exemptions for EU companies.
Read More »Russia Studying Possible Oil-for-Goods Deal with Iran
Russia is studying all legal issues related to the possible deal.
Read More »US Asks UN to Stop All Oil Transfers to North Korea
North Korea has already exceeded the annual cap allowed for oil imports.
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