US Authorizes Release of 4 mmbbl of Crude Oil From Strategic Reserve

• Sunday, 11th October 2026
• by Mohammad Abdulwakeel

The US Department of Energy has authorized the release of up to 4 million barrels (mmbbl) of crude oil from its Strategic Petroleum Reserve to offset supply disruptions caused by Hurricane Isaias, Reuters reported on ...

UAE Crude Reserves Record 97.8 B bbl

• Monday, 9th November 2020
• by Editorial Team

The United Arab Emirates (UAE) has announced that the country’s crude oil reserves stood at 97.8 billion barrels of oil in 2019, according to WAM. On top of this, it was also revealed that the country’s producti...

BP Raises Saudi Oil Reserve Estimitates by 12%

• Thursday, 13th June 2019
• by Editorial Team

BP has increased the evaluations for crude oil reserves in Saudi Arabia by 12%, the first change in Saudi reserve estimates since 1989, Reuters reported. Saudi’s proved oil reserves were estimated to be around 297.7 b...