oil reserves

Tokyo, April 10 – Japan plans to release 20 days' worth of oil reserves starting in May, Prime Minister Sanae Takaichi said on Friday, adding to the ongoing efforts that began in mid-March.Takaichi revealed the plan at a ministerial meeting on the day to address the Middle East situation amid...

Patna, April 1 – Bihar Health Minister Mangal Pandey, who is also the BJP's election in-charge for West Bengal, expressed confidence on Wednesday that the party would secure victory in the state.Speaking to the media at Patna Airport, he claimed that people are dissatisfied with the governance...

New Delhi, March 27 Emphasizing that there was no shortage of LPG cylinders or fuel, Union Home Minister Amit Shah said on Friday that India has managed to maintain supplies and prices despite a spike in global oil prices due to geopolitical tensions.Urging people to trust the Narendra Modi...

Tokyo, March 26 – Japan began releasing 30 days' worth of oil from state reserves on Thursday to mitigate the impact of the West Asia conflict on its economy, as concerns over supply and soaring oil prices mount, local media reported.The move followed the country's decision to draw down 15...

New Delhi, March 23 India's strategic oil reserves, designed to provide cover for about 9.5 days of supplies during disruptions or price shocks, are currently at only two-thirds capacity, the Rajya Sabha was informed on Monday.India, the world's third-largest energy consumer and heavily...

Bangkok, March 23 – The Thai government has affirmed that the country maintains sufficient oil reserves to meet demand for up to 103 days, and it is implementing regulatory measures to enhance transparency in the market.Sarawut Kaewtatip, director-general of the Department of Energy Business...

New Delhi, March 23 – The current stock of crude oil held as part of India's strategic reserves is approximately 3.372 million metric tonnes (MMT), which represents 64 per cent of the total storage capacity of these reserves, the Parliament was informed on Monday.Through a Special Purpose...

The International Energy Agency (IEA) stated that its member countries would release large quantities of oil from emergency reserves to help lower global prices.In a statement, the agency said, "Countries in Asia and Oceania will begin releasing oil immediately, while reserves from Europe and...

Washington, March 13 – The world is facing a “significant disruption in the short term” to secure long-term global energy flows, US Energy Secretary Chris Wright said, defending Washington’s decision to release oil reserves amid the war involving Iran.“We are in the midst of a significant...

March 12, New Delhi – The International Energy Agency’s decision to release 400 million barrels of oil from global reserves has already had a significant impact on energy markets, which remain in a critical state following the closure of the Strait of Hormuz, said Executive Director Fatih Birol...

Washington, March 12 – The United States will release 172 million barrels of oil from its Strategic Petroleum Reserve over the next four months, as part of a coordinated international effort by major economies to stabilize energy markets amid rising global prices driven by conflict in the Middle...

India has welcomed the decision by the International Energy Agency (IEA) to release emergency oil reserves in response to ongoing supply disruptions. The Ministry of Petroleum and Natural Gas stated in a press release that India is an Associate Member of the IEA and an active participant in...

Tokyo, March 11 – Japanese Prime Minister Sanae Takaichi announced on Wednesday that Japan will begin releasing its oil reserves as early as next Monday to address a potential increase in gasoline and other petroleum product prices amid the conflict in West Asia, according to local media...

New Delhi, March 11 Crude oil prices jumped by Rs 460 to Rs 7,881 per barrel in futures trading on Wednesday as global benchmarks advanced due to intensifying geopolitical tensions.On the Multi Commodity Exchange (MCX), crude oil for March delivery rose by Rs 460, or 6.2 per cent, to Rs 7,881...

March 11, New Delhi – Countries and agencies worldwide are implementing emergency measures to address soaring oil prices, including capping fuel costs, releasing strategic reserves, and reducing consumption.The major move comes from the International Energy Agency (IEA), which has proposed the...

New Delhi, March 9 India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top government sources said.India, the world's third-largest oil-importing and consuming nation, has 5.33 million tonnes of...

Kalaburagi (Karnataka), March 7 Karnataka Minister Priyank Kharge on Saturday criticised the foreign policy of the central government, alleging that India's global standing was being "compromised" and the Centre had "failed" to respond firmly to remarks by senior US officials on India's economic...