Search For "oil reserves"
Venezuela agrees to supply oil to India in lieu of pending dividend, says
Updated : 2 years, 2 months ago IST
Venezuela, a historical player in the global oil industry, has been producing oil since 1914. With proven oil reserves of 299,953,000,000 barrels, as of 2016, Venezuela stands as one of the world's leading holders of oil reserves, representing about 18.2 per cent of the global total.
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Pakistan: New oil, gas reserves discovered in Sindh
Updated : 2 years, 3 months ago IST
One of Pakistan's top state-owned exploration and production firms, Oil & Gas Development Company Limited (OGDCL), has said that gas and condensate have been found at Dars West Well 02, which is situated in the Tando Allahyar District of Sindh, according to ARY News.
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Biden allowing emergency oil reserves to go to China: Republican lawmakers
Updated : 3 years, 8 months ago IST
Washington [US], July 9 (ANI): Several top Republicans have severely slammed US President Joe Biden following reports of emergency US oil being sent to China and other nations, thereby compromising the country's energy security and national security.
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Oil sees biggest weekly loss in 2 years, US crude below USD 100 as Biden r
Updated : 3 years, 11 months ago IST
New York [US], April 2 (ANI/Sputnik): Oil markets entered April with their worst weekly loss in two years as the Biden administration announced the largest ever crude reserve release that sent the benchmark US price below the key USD 100-per-barrel support.
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Japanese Prime Minister Kishida officially announces sale of part of oil r
Updated : 4 years, 4 months ago IST
Tokyo [Japan], November 24 (ANI/Sputnik): Japanese Prime Minister Fumio Kishida officially announced the decision to unseal part of the state oil reserves in response to a US request.
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India plans to release about 5 million barrels of crude oil from strategic
Updated : 4 years, 4 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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Japan mulls releasing oil reserves to respond to increasing prices: Report
Updated : 4 years, 4 months ago IST
Tokyo [Japan], November 20 (ANI/Sputnik): The Japanese government is considering to release crude oil reserves to curb the oil prices growth, Japan's Kyodo news agency said on Saturday, citing sources.
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Japan refuses to comment on reports about Biden's proposal to release oil
Updated : 4 years, 4 months ago IST
Tokyo [Japan], November 18 (ANI/Sputnik): Japan's Chief Cabinet Secretary Hirokazu Matsuno denied comments on Thursday on media reports about US President Joe Biden's proposal to Tokyo to join the initiative to release oil from their strategic reserves to stabilize spiking global fuel prices
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Chinese tale of enslaving South Sudan of its influence and leading to econ
Updated : 4 years, 5 months ago IST
Beijing [China], October 5 (ANI): China National Petroleum Corporation has been eyeing South Sudan's oil reserves with 3.5 billion barrels a day since 2011, however, the country lacked a proper structure that could help enhance its economic portfolio, according to report.
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China sells oil reserves to lower prices in unprecedented move
Updated : 4 years, 6 months ago IST
Bejing [China], September 12 (ANI): In an unprecedented move by the Chinese authorities that show the chinks in their armour, Beijing has released crude from its strategic reserve for the first time with the aim of lowering prices.
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Will look into halting oil import from Saudi Arabia, says Trump
Updated : 5 years, 11 months ago IST
Washington DC [USA], April 21 (ANI): US President Donald Trump on Monday said that his administration will look into halting oil imports from Saudi Arabia after oil prices in the United States plummeted into negative.
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Pak's hope for self-sufficiency fades away as no oil reserves found off sh
Updated : 6 years, 10 months ago IST
Islamabad [Pakistan], May 19 (ANI): Pakistan's biggest hope of being self-sufficient in oil has faded away after no reserves were discovered in the Arabian Sea off the Karachi coast.
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