Search For "barrels"
Biden authorizes release of 1 mn barrels of oil per day from US strategic
Updated : 4 years, 1 month ago IST
Washington [US], April 1 (ANI): In order to keep oil prices under control, US President Joe Biden on Thursday (local time) announced to release of one million barrels of oil per day from the country's strategic petroleum reserve for the next six months.
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US to boost domestic oil output by 1mn barrels per year
Updated : 4 years, 1 month ago IST
Washington [US], March 24 (ANI/Sputnik): US oil producers will increase domestic supply by a million barrels a year in response to Washington's call, US Secretary of Energy Jennifer Granholm said on Thursday.
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IEA releases plan to cut oil use by 2.7 million barrels per day
Updated : 4 years, 2 months ago IST
Paris [France], March 18 (ANI): The International Energy Agency (IEA) has urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine.
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US oil output seen near record high in 2023, averaging 13Mln barrels daily
Updated : 4 years, 2 months ago IST
Washington [US], March 9 (ANI/Sputnik): US oil output is expected to return to a near record high averaging 13 million barrels daily by next year, the Energy Information Administration forecast as oil drillers in the country suggested they may produce more after crude prices hit 14-year high
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World oil demand in 2022 will grow by 4 million bpd: Russian Deputy PM
Updated : 4 years, 4 months ago IST
Moscow [Russia], December 29 (ANI/Sputnik): World oil consumption is expected to grow by 4.5-5 million barrels per day (bpd) in 2021, and in 2022 it will increase by another 4 million bpd, Russian Deputy Prime Minister Alexander Novak said.
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Centre to release 5 million barrels crude oil from strategic reserves
Updated : 4 years, 5 months ago IST
New Delhi [India], December 13 (ANI): The government has agreed to release 5 million barrels of crude oil from its strategic petroleum reserves in consultation with other global energy consumers, Union Minister of State for Petroleum and Natural Gas Rameswar Teli in a written reply to a ques
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US announces first sale of 18mn barrels from strategic oil reserve to redu
Updated : 4 years, 5 months ago IST
Washington [US], December 11 (ANI/Sputnik): The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs and raised inflation woes.
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Trump blasts Biden's decision to release oil from US strategic reserves
Updated : 4 years, 6 months ago IST
Washington [US], November 23 (ANI/Sputnik): Former US President Donald Trump on Tuesday slammed President Joe Biden's decision to release barrels of oil from the country's strategic reserves and warned that Washington would now be at the mercy of OPEC.
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India plans to release about 5 million barrels of crude oil from strategic
Updated : 4 years, 6 months ago IST
New Delhi [India], November 23 (ANI): India plans to release about five million barrels of crude oil from strategic reserves within seven days, said government sources on Tuesday.
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World oil demand growth revised by some 0.16 mn bpd: OPEC
Updated : 4 years, 6 months ago IST
Vienna [Austria], November 11 (ANI/Sputnik): OPEC on Thursday revised the world oil demand growth forecast and lowered it by some 0.16 million barrels per compared to October's assessment and it now stands at 5.7 million barrels per day.
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OPEC maintains 2021, 2022 forecasts for Russia's liquids production unchan
Updated : 4 years, 6 months ago IST
Moscow [Russia], November 11 (ANI/Sputnik): The Organization of the Petroleum Exporting Countries (OPEC) maintained its forecasts for Russia's oil and condensate production in 2021 and 2022 unchanged at 10.78 million barrels per day (mb/d) and 11.78 mb/d respectively.
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OPEC+ committee advises alliance not to accelerate oil production increase
Updated : 4 years, 6 months ago IST
Vienna [Austria], November 4 (ANI/Sputnik): The OPEC+ committee recommended the alliance not to accelerate the increase in oil production, and to boost it in December by 4,00,000 barrels per day, a source in one of the delegations told Sputnik.
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