To attempt to combat high gasoline prices, the government has released barrels of oil from the SPR. However, as the oil reserve hits its lowest level, this can prove challenging in the future. There are also set rules on the release of oil from the SPR; the Energy Policy and Conservation...
government to gather and analyze reserve data. So, 2005's reserves will not be ready until year-end 2006. One surprising factor: prices are not having any overt effect on reserves, especially oil reserves. This, despite the fact that year-end prices are supposed to be used in calculating ...
US Energy Chief plans to seek $20 billion to refill oil reserve.
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Oil prices remained well-bid after initial falls following US government data showing an unexpected jump in crude oil stockpiles. Tensions between the US and Iran continued to rise as the US Navy said it stood ready to ensure free navigation and the flow of commerce, after Iran’s Revolutionar...
Government Warns Not to Travel Right Now Turkish President Tayyip Erdogan raised objections at the time to both requests over what he said was the Nordic nations' protection of those whom Turkey deems terrorists, as well as their defence trade embargoes. Turkey endorse...
Following news that the Federal Reserve is still planning to cut interest rates this year, the price of crude oil rose because it boosted risk appetite and put pressure on the US dollar. After experiencing its biggest decline in nearly a month on Wednesday, oil rose to around $87 per ...
32 million barrels will be an exchange over the next several months, releasing oil that will eventually return to the Strategic Petroleum Reserve in the years ahead. The exchange is a tool matched to today’s specific economic environment, where markets expect future oil prices to be lower th...
government succeeded in auctioning the yacht, it would likely eventually transfer sale proceeds to Ukraine. Prosecutors have said Kerimov violated U.S. sanctions by making more than $1 million in maintenance payments for the Amadea through the U.S. financial system, making t...