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Oil reserves
News updates related to oil reserves.
Citi forecasts a 900 million barrel drop in global oil inventories, reaching an eight-year low.
Despite the US-Iran ceasefire agreement, Citi Bank warns that global oil inventories will plummet to their lowest level in nearly a decade by the end of the second quarter of 2026.
Market
Japan plans to release an additional amount of oil from its reserves equivalent to 20 days of consumption starting in May 2026.
The Japanese government has announced plans to release additional oil from its reserves and diversify its supply sources away from the Middle East to ensure national energy security against global risks.
The IEA proposes releasing record oil reserves, exceeding the 182 million barrels released in 2022.
The International Energy Agency (IEA) is pushing ahead with plans to release oil from its largest-ever reserves to cool down markets amid the Middle East conflict.
The International Energy Agency is proposing the largest-ever release of oil reserves.
The International Energy Agency is proposing to release the largest amount of oil in history from its reserves, amid ongoing conflict in the Middle East that shows no signs of abating.
Oil prices surged amid tensions in Iran, prompting many Asian nations to urgently implement economic protection measures.
World oil prices have surged due to tensions related to Iran and the risk of supply disruptions from the Middle East, forcing many Asian governments to urgently implement stabilization measures...
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