U.S. crude oil inventories fell by 4.339 million barrels for the week ending September 20, according to data released by…
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The Strategic Petroleum Reserve (SPR) is the United States’ emergency oil stockpile. It is the largest emergency oil storage in the world, with a current capacity of 713.5 million barrels. The SPR was established in the aftermath of the 1973-74 oil embargo as a response to the country’s vulnerability to oil supply disruptions.
U.S. crude oil inventories fell by 4.339 million barrels for the week ending September 20, according to data released by…
Crude oil inventories in the United States increased by 1.96 million barrels for the week ending September 13, according to…
WASHINGTON (Reuters) – The Biden administration plans to acquire up to 6 million barrels of oil for the Strategic Petroleum…
In the world of oil trading, various contractual agreements, terms, and procedures are established to streamline operations, mitigate risks, and…
Oil prices continued their downward trend on Tuesday morning, with West Texas Intermediate (WTI) crude futures dropping 4.5%. This decline…
Crude oil inventories in the United States fell dramatically by 7.4 million barrels for the week ending August 30, according…
SINGAPORE, Aug 26 (Reuters) – Oil prices increased on Monday due to concerns that the Gaza conflict might spread throughout…
Crude oil inventories in the United States experienced a slight increase this week, rising by 347,000 barrels for the week…
The United States Strategic Petroleum Reserve (SPR) is a critical national asset. It provides an emergency stockpile of crude oil.…
Oil is a crucial resource in the global economy. It powers industries, fuels vehicles, and heats homes. Two of the…
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