Trump said oil from a new Venezuela deal will be used to replenish the depleted US Strategic Petroleum Reserve, as Washington moves to gain greater control over Venezuela’s vast crude reserves.
The International Energy Agency (IEA) said more than 400 million barrels (mmbbl) of oil from emergency reserves will start entering global markets soon as part of a coordinated effort to ease a surge in crude pric ...
Japan’s Industry Ministry announced that it will release 6 million barrels (mmbbl) of oil from its private reserves as a part of its contribution to a second round of the International Energy Agency’s (IEA) releas ...
Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between the two countries.
Saudi Aramco's first external audit has revealed that the company has 270 billion barrels in oil reserves.
Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%.
Egypt possesses 2.4 billion barrels of oil and condensate reserves as of October 2017.
