Keywords: Oil reserves
Finance ministers from the Group of Seven held an emergency virtual meeting Monday to discuss a coordinated release of strategic oil reserves as global crude prices surged above $100 per barrel amid the escalating conflict involving Iran. The call, scheduled for 08:30 Eastern Time, included International......
The government of Venezuela called Tuesday for a “negotiation in good faith” with neighboring Guyana to resolve their long-standing territorial dispute over the vast Essequibo region, a contested territory rich in oil and other natural resources. Essequibo, a 160,000-square-kilometer area......
The Arab world holds some of the largest proven oil and natural gas reserves on the planet, reinforcing its central role in global energy security and international commodity markets. Recent data drawn from leading industry sources, including OPEC, BP Statistical Review and the US Energy Information......
A Russian airstrike on January 27 damaged critical infrastructure along the Ukrainian section of the Druzhba pipeline, halting the flow of Russian crude oil to Hungary and Slovakia and triggering a diplomatic clash between Budapest and Kyiv ahead of Hungary’s parliamentary elections. Ukrainian......
President Donald Trump stated Wednesday evening that American oversight of Venezuela and its oil reserves will extend far beyond a few months, potentially spanning several years following last weekend's military operation that captured President Nicolás Maduro. When pressed by the New York......
The Trump administration eyes control over Venezuela's vast energy and mineral wealth following the dramatic capture of President Nicolás Maduro. Officials highlight the country's oil reserves and critical minerals as key assets, even as major U.S. oil firms deny consultations on the operation. Commerce......
California's top Republican in the State Senate, Brian Jones, has praised the Trump administration for reviving the Santa Ynez Unit oil project off the state's coast. This comes after years of opposition from prominent Democrats, including Rep. Adam Schiff, following the 2015 shutdown caused......
Iraq has announced the discovery of over two billion barrels of oil reserves located to the east of Baghdad. The announcement was made by the country’s state-run Central Oil Company. This new find is part of Iraq's ongoing efforts to boost its oil production capacity. Earlier last year, Iraq......
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