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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
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 Accept Oil Prices May Rise When Iran Sanctions Kick In
According to the Iranian Oil Ministry. Iran is currently exporting 2.5 million barrels of oil a day.
Read More »Nord Stream 2 Improve European Energy Security
The construction of the Nord Stream 2 gas pipeline will improve the European energy security.
Read More »Libya`s NOC Warns of Environmental Disaster Due to Clashes near Oil Terminals
Libya has been torn apart by conflict since its long-time leader Muammar Gaddafi was overthrown in 2011.
Read More »Trump Blames OPEC for High Oil Prices
The next meeting of the parties to the deal will be held on June 23 in Vienna.
Read More »Third States Shouldn`t Threaten Nord Stream 2 with Sanctions
The Nord Stream 2 project has been welcomed by some countries in Europe. such as Germany and Austria.
Read More »Venezuela to Issue 100 Mln Petro Cryptocurrency Units Worth $6Bln
Maduro plans to create four economic zones for working with Petro.
Read More »India will Pay for Iranian Oil in Rupees
Indian refiners have recently expressed willingness to maintain oil imports from Iran.
Read More »India will Pay for Iranian Oil in Rupees
Indian refiners have recently expressed willingness to maintain oil imports from Iran.
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