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Global Oil Stocks Could Fall by 900 Million bbl Even if Ceasefire is Extended, Citi Says

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(Reuters) – Researchers at Citi said on Monday that global crude and product inventories could decline by roughly 900 million barrels even if the United States and Iran agree to a ceasefire extension this week, and both Strait of Hormuz flows and oil production recover to normal levels by the end of June. The bank …

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US Loans 8.5 Million Barrels of SPR Oil in Second Batch Since Iran War

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – The U.S. Department of Energy said on Friday it had loaned 8.48 million barrels of crude oil from the Strategic Petroleum Reserve to four oil companies, the second allotment under the Trump administration’s effort to curb fuel prices that have surged during the U.S.-Israeli war on Iran. The companies that have been awarded …

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How Have US Presidents Tapped Strategic Petroleum Reserves During War?

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(Reuters) – The U.S. plans to release 172 million barrels of oil from its Strategic Petroleum Reserve, more than 40% of a wider release coordinated with allies, to help dampen prices spiked by supply disruptions from the U.S.-Israeli war on Iran. The U.S. sale, announced late on Wednesday, is part of a 400-million-barrel release by …

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COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock

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By Ron Bousso LONDON, March 11 (Reuters) – The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating supply shock triggered by the Iran war. But it will offer only limited relief as long as energy exports from the Middle East …

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Broad Agreement in G7 Not to Release Oil Reserves Just Yet, Says G7 Official

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(Reuters) – There was broad agreement among the Group of Seven finance ministers on Monday not to release strategic oil reserves just yet, a G7 official said. G7 finance ministers held a teleconference earlier on Monday to discuss a response to the overnight surge in oil prices caused by the U.S.-Israeli war on Iran. They …

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How Much Oil Do G7 Countries Hold in Emergency Reserves?

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By America Hernandez PARIS, March 9 (Reuters) – The Group of Seven countries are considering releasing emergency oil stocks to address the Middle Eastern supply crisis, the International Energy Agency said on Monday, as oil prices surged to as high as almost $120 ​per barrel. IEA member countries that are net oil importers are required …

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Europe Faces Gas Storage Scramble as Iran Conflict Tightens Supply

CDN and International News, Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, LNG, Natural Gas / By

By Nora Buli Europe’s gas storage at 5-year low Refilling will require extra 180 LNG cargoes y/y Iran conflict cuts supply, lift prices European benchmark gas at highest since early 2023 OSLO, March 5 (Reuters) – Europe’s already huge task of refilling gas storage for next winter has suddenly become far riskier and far more …

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US Crude Stocks Climb to Near 1-Year High as Exports and Imports Fall, EIA Says

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(Reuters) – U.S. crude stocks rose to their highest level since May 2025 last week, the Energy Information Administration said on Wednesday, as exports and imports declined. Crude inventories rose by 3.5 million barrels to 439.3 million barrels in the week ended February 27, the EIA said, compared with analysts’ expectations in a Reuters poll …

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US Crude, Distillate Inventories Rise, Gasoline Stocks Fall, EIA

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – HOUSTON, Feb 25 – U.S. crude and distillate inventories rose while gasoline stocks fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 16 million barrels to 435.8 million barrels in the week ended February 20, the EIA said, compared with analysts’ expectations in a Reuters poll for a …

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US Crude and Fuel Stocks Fall, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – HOUSTON, Feb 19 – U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 9 million barrels to 419.8 million barrels in the week ended February 13, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel rise. …

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