barrels of oil

There are enough oil reserves to face supply problems: US

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There are enough oil reserves to face supply problems: US

The United States has enough volumes of oil in the Strategic Petroleum Reserve (SPR) to address any supply problems and is monitoring markets on how to use them, Amos Hochstein, energy adviser to President Joe Biden, said on Monday. The SPR remains near 40-year lows after Biden directed the largest-ever sale of 180 million barrels … Read more

The new controversy between Silveira and Marina Silva over oil

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The new controversy between Silveira and Marina Silva over oil

The Minister of Mines and Energy, Alessandro Silveira, declared on Tuesday the 16th, that Brazil will continue to search for new oil discoveries. The speech goes against the position of the Minister of the Environment, Marina Silva, who has already defended a limit on oil production in the country. According to Silveira, this strategy adopted … Read more