Search For "barrels"
"Remain silent or be targeted": IRGC enforces lethal "no-move" zone in Str
Updated : 2 months, 1 week ago IST
The IRGC has enforced a maritime blockade in the Strait of Hormuz, targeting vessels that move "even a few metres" without permission. With 14 tankers reportedly hit, the paralysis of this vital oil route has forced the US and IEA to release millions of barrels from strategic reserves.
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Government of India welcomes IEA decision to release emergency oil stocks
Updated : 2 months, 1 week ago IST
India, as an Associate Member of the International Energy Agency (IEA) and an active participant in international energy cooperation, welcomed the IEA's decision to release emergency oil stocks amid the prevailing supply disruptions, according to an official release.
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US to release 172 million barrels of oil to stabilise markets as Middle Ea
Updated : 2 months, 1 week ago IST
The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it ha
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"International Energy Agency agreed to coordinate release of 400 million o
Updated : 2 months, 1 week ago IST
Addressing a gathering in Kentucky, Trump said, "I'm pleased to report that earlier today, the International Energy Agency agreed to coordinate the release of a record 400 million barrels of oil from various national petroleum reserves around the world, which will substantially reduce the
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Japan hails IEA's decision to release 400mn barrels of oil
Updated : 2 months, 1 week ago IST
Minister of Foreign Affairs of Japan Motegi Toshimitsu on Wednesday welcomed the decision made by the International Energy Agency (IEA) to implement a collective release totaling 400 million barrels of oil by the member countries, a statement by Japan's Foreign Minister said.
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IEA to release 400 million oil barrels to counter global energy supply dis
Updated : 2 months, 1 week ago IST
The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 400 million barrels of oil available to global markets to mitigate disruptions caused in the global energy supply by the ongoing West Asia conflict.
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India's 250 million barrel buffer and supply diversification ensure fuel s
Updated : 2 months, 1 week ago IST
India currently maintains a combined energy buffer of over 250 million barrels of crude oil and refined petroleum products, equivalent to approximately 4,000 crore litres, according to a government report. This stockpile provides seven to eight weeks of coverage across the full supply chain,
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Trump says US to get 50 million barrels of oil worth USD 5.2 billion from
Updated : 4 months ago IST
US President Donald Trump on Friday (local time) said that Venezuela has offered Washington "50 million barrels of oil" worth USD 5.2 billion, and he has agreed to that deal.
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$4.2 billion worth of oil from Venezuela on its way to the US right now: U
Updated : 4 months, 1 week ago IST
Trump met with the interim President of Venezuela, Delcy Rodriguez. On the meeting Trump said, "She's been very good. She asked us if we could take 50 million barrels of oil, and I said yes, we can, it is worth $4.2 billion, and it is on its way right now to the United States..."
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US continues to dictate terms in Venezuela; interim govt agrees to release
Updated : 4 months, 2 weeks ago IST
White House Press Secretary Karoline Leavitt on Wednesday stated that Washington is currently working closely with interim authorities in Venezuela, who have agreed to release millions of barrels of sanctioned crude to the US, underscoring Washington's leverage over the South American nation
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Trump says Interim Venezuelan Authorities to turn 30-50 million barrels of
Updated : 4 months, 2 weeks ago IST
US President Donald Trump announced on Tuesday that the interim authorities in Venezuela would turn between 30 and 50 million barrels of sanctioned oil to the United States and said that while the oil will be sold at its market price, the money will be controlled by Trump to ensure it is
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Brazil targets 400,000-Barrel daily refining capacity by 2030
Updated : 5 months, 2 weeks ago IST
Petrobras President Magda Chambriard announced on Tuesday that Brazil intends to expand its national oil-refining capacity to around 400,000 barrels per day by the year 2030. She shared this update during an event at the Abreu e Lima Refinery (Rnest) in Ipojuca, located in the state of Pern
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