Crude oil stocks in the United States dropped significantly this week, decreasing by 4.44 million barrels for the week ending…
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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.
Crude oil stocks in the United States dropped significantly this week, decreasing by 4.44 million barrels for the week ending…
In the realm of global energy markets, the fluctuation of crude oil prices, particularly Brent crude, holds significant implications for…
The price of oil and gas is influenced by a myriad of factors and controlled by various entities, each playing…
Crude oil stocks in the United States increased by 2.264 million barrels for the week ending June 14, as reported…
The Biden administration is prepared to release more oil from its strategic stockpile to prevent a surge in petrol prices…
Oil prices soared by approximately 2% to reach a four-month peak on Monday, propelled by diminished crude exports from Iraq…
Introduction: The Strategic Petroleum Reserve (SPR) is a critical component of the United States’ energy security strategy. The SPR is…
In the wake of a notable shift in fundamental data in the United States, coupled with sluggish economic indicators from…
The American Petroleum Institute (API) reported a build of 1.586 million barrels in U.S. crude oil inventories, compared to last…
The American Petroleum Institute (API) reported a large draw of 5.25 million barrels in U.S. crude oil inventories, offsetting last…
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