Countries are now racing to build or replenish strategic petroleum reserves, with the IEA planning to refill the 400 million barrels it released during the crisis and major importers like India ...

Governments are set to buy millions of barrels of oil through 2028 to rebuild ​emergency reserves depleted by drawdowns to plug a gap in global supply caused by the U.S.-Israeli war on Iran, analysts ...

President Trump said Wednesday that oil reserves could have run out in four weeks if the Strait of Hormuz were not opened. “We run out of reserves at about four weeks,” Trump said in France while at ...

The Liberal government has not enacted any policies toward releasing 23.6 million barrels of oil onto the global market, part ...

The U.S. is seeking to loan energy companies up ‌to 40 million barrels of crude oil from the Strategic Petroleum Reserve to help push fuel prices down, the Department of Energy said ​on Wednesday.