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Adnoc loads first crude cargo for India oil reserveThe historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is th More… |
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Adnoc loads first crude cargo for India oil reserveThe historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is th More… |
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India to add UAE, Saudi oil for strategic reserveIndia is talking to the UAE and Saudi Arabia to fill half of the 1.5 million tonnes (mt) of the Mangalore strategic storage, along with Iranian crude, its oil minister said on Wednesday. Dharmendra Pradhan told a news conference I More… |
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Bahrain crude reserves 'larger than estimated'Bahrain has larger oil reserves than previously thought, it has been revealed. Energy Minister Dr Abdulhussain Mirza told MPs yesterday that official estimates only include the oil that can be extracted using existing technology - More… |
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IEA may release oil reserves in SeptWorld oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Agency (IEA) dropped its resistance to a US-led plan, a source and an oil journal said. Just one week after i More… |
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Brent below $114 as US eyes oil releaseBrent crude slipped below $114 on Friday as supply worries eased on a possible release of oil reserves by the US while Israeli comments on Iran reduced fears of a potential conflict in the Middle East that could disrupt exports. News th More… |
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Obama, Cameron discuss tapping oil reservesPresident Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to t More… |
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Burgan to add 12bn bbls to Kuwait reservesKuwait's largest oil field, Greater Burgan, will add 12 billion barrels to the Opec country's oil reserves, Al-Jarida daily reported on Thursday. The daily cited informed oil sources it did not identify by name a More… |
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China filling third govt crude oil reserveChina began filling its third government-owned strategic crude oil reserve last month, two industry sources say, as Beijing takes advantage of diving crude oil prices to build up an emergency supply buffer for the future. About 7.3 million More… |
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Iran has $10 bn in oil reserve fundIran now has $10 billion in its Oil Stabilisation Fund, which forms part of foreign reserves, the central bank governor was quoted on Thursday as saying, indicating an increase on previously reported figures. The fund was set up several ye More… |
