There are enough oil reserves to face supply problems: US

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

Crazy jump! Oil prices have soared in the last session and demand for crude oil imports is on the rise.

Crazy jump!  Oil prices have soared in the last session and demand for crude oil imports is on the rise.

The latest session of global oil trading saw a fresh jump this morning, Tuesday, January 2, as oil begins the new year on the rise, with experts expecting an increase in demand for imported crude in the Middle East region. Orient. Today Brent crude recorded a price of 78.56 dollars per barrel, or an increase … Read more