Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...

The pre-election promise of US President Donald Trump to refill the US Strategic Petroleum Reserve is facing a myriad of challenges.

President Donald Trump said he plans to fill the US’s strategic oil reserve “right to the top” after it reached lows not seen ...

Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...

Brazilian state-run oil firm Petrobras said on Wednesday that its estimated proven reserves of oil, condensate and natural ...

The United States and allies will be releasing ... have agreed to the release from emergency reserves to send a “strong message to global oil markets that there will be no shortfall” as ...

President Donald Trump’s plan to refill the US’s emergency crude storage system — “right to the top,” in his words — would help protect against future oil-price shocks. But it’s easier said than done.

The US Gulf Coast heavily relies on Venezuelan crude, with imports hitting a six-year high. While Trump has left room for ...

The crude oil markets are a little soft in the early hours of Wednesday, as the market is waiting for the crucial Federal ...

(MENAFN- IANS) Washington, Jan 21 (IANS) President Donald trump will use the US oil reserves as a weapon to assert its power and prevent friends and foes from“pushing it around”. “We're not ...