US Considers Tapping Strategic Reserves as Oil Hits New HighsTHE US government yesterday revealed it was considering the unusual step of dipping into its strategic oil reserves as crude prices hit a fresh all-time high yesterday.
CARACAS, Sept. 26 (Xinhua) -- The U.S. Defense Department considers Venezuela's oil and energy reserves a "geostrategic objective," Venezuelan Vice President Delcy Rodriguez said on Thursday. Speaking at a debate panel during the Russian Energy Week 2024, an international forum being held in ...
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The paper proposes an organisational structure; a coordination and control mechanism; and concrete preventive measures against oil spillage. It draws upon experiences from other countries, while taking into account China's existing marine management system. 展开 关键词: China's strategic oil reserves ...
OECD inventories are 60 million barrels below the five-year average and spare capacity is just 1.7 million barrels. “In this case, a strategic release would provide a temporary relief at best, much like the release last June, and as the market yearns for more crude, the headache for the ...
ultra-shallow large gas field, with newly confirmed geological reserves of natural gas exceeding 100 billion cubic meters. Additionally, 10 oil fields with a production capacity of over 100 million tons and 19 gas fields with a capacity of over 100 billion cubic meters were newly discovered in ...
The lossof crude oil to the world market would, therefore, be around 4 million b/d, or 7percent of world oil consumption.A loss of this magnitude probably could not be fully offset by newproduction elsewhere. Saudi Arabia has shut in much of its formerly massiveexcess capacity and would ...
The results show that players' equilibrium stockpiling strategies and total expected costs could vary significantly with the initial oil market state, stockpile acquisition capacity and the probabilities for disruptions to persist. Introduction Energy is a vital resource for development in modern society,...
Hepointed4out that the current capacity for petroleum production isinadequate5, because of China's massive land area and huge population. Analysts6have said a strategic reserve system must be established to ensure China's oil security. China started considering building petroleum strategic reserves in...
For the United States, what they wanted was the oil reserves in the Middle East. And again and again, I heard the phrase, ‘you’re our landed aircraft carrier in Israel’. Uzi Arad, the future Mossad head, would be very uncomfortable at this because he wanted Israel to be run by the...