US will stop sending oil into strategic reservesH. JOSEF HEBERT
ConocoPhillips is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.
Trump also promised to refill strategic reserves, a move that could be bullish for oil prices by boosting demand for U.S. crude oil.
USDepartment of Energy: The US is seeking to buy about 3 million barrels of oil as strategic oil reserves, which will be delivered in September and August.
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So the West gets Russian oil, without getting its hands dirty. “U.S. treasury officials have two main goals: keep the market well supplied and deprive Russia of oil revenue,” Ben Cahill, a senior fellow at the Washington-based Center for Strategic and International Studies, recently told ...
Crude oil is the most valuable commodity by trading turnover and one of the most widely used. In a world with many consumers and producers, a single country or organization can no longer "control" crude oil prices set in highly liquid global markets.1 ...
“A sovereign buys Bitcoin and secures it with a qualified custodian. This parallels how governments manage other strategic reserves, like gold in Fort Knox or oil in national stockpiles,” he said. “Bitcoin’s digital nature doesn’t change this fundamental principle — commodity reserves require...
During his trip to DC, Wang also met with US Secretary of State Antony Blinken and National Security Advisor Jake Sullivan. In themeeting with Sullivan, which focused on matters related to international security, the two sides “reaffirmed their desire to maintain this strategic channel of commun...
Trump also implicitly criticized Biden for tapping the nation’s Strategic Petroleum Reserve, which the former president used to help bring down gasoline prices after the market shock when Russian invaded Ukraine in 2022. “We will bring prices down, fill our strategic reserves ...