The US Strategic Petroleum Reserve (SPR) has fallen to 300 million barrels for the first time, as the Iran conflict accelerates withdrawals. The oil is stored in 60 salt caverns thousands of…
The US Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since 1983, NDTV Profit reports. Washington has been drawing heavily on emergency oil stocks during the ongoing…
China has amassed up to 1.4 billion barrels of crude in strategic and enterprise inventories, a RAND study finds, more than three times the US government's strategic reserve. Beijing can now act…
ONGC will reserve half of its 1.75 MMT oil storage facility in Mangaluru for strategic petroleum reserves, Union Minister of State for Petroleum Suresh Gopi told the Rajya Sabha on Monday. The…
