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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 »Nord Stream 2. an International Project
US President Donald Trump had chastised Germany for buying Russian natural gas and for working on the pipeline.
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 »Iran is India`s Important Partner for Energy and Connectivity
India was in touch with Iran on several issues. including on US’s withdrawal from the Iran nuclear deal. signed in 2015.
Read More »Trump Puts Political Pressure on Nord Stream 2
US sanctions against companies involved in Nord Stream 2 could be in the pipeline.
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 »US Asks UN to Stop All Oil Transfers to North Korea
North Korea has already exceeded the annual cap allowed for oil imports.
Read More »U.S. Asks Saudi Arabia to Keep Oil Market Well Supplied
The U.S. is confident that it would be able to sanction Iran without market disruptions.
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