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oil reserves

News update regarding oil reserves.

The IEA warns that the oil market will enter "red zone" from July 2026.

The International Energy Agency (IEA) forecasts that the global oil market faces a serious shortage risk in the third quarter of 2026 as strategic reserves gradually run out.

Market

The US government is considering extracting oil and gas at military bases to replenish its strategic reserves.

The U.S. Department of Energy has proposed a plan to extract oil directly from military sites to control energy prices amid escalating geopolitical tensions.
Goldman Sachs: Global oil inventories plummet, hitting an 8-year low.

Goldman Sachs warns that global oil reserves could fall to just 98 days of consumption by May 2026 amid escalating tensions in the Strait of Hormuz.

Global oil inventories are near an eight-year low, and Goldman Sachs warns of supply risks.

Goldman Sachs forecasts that global oil inventories, equivalent to 101 days of consumption, will fall to 98 days by 2026 amid escalating geopolitical tensions.
US crude oil inventories rose to 465.7 million barrels, and energy exports reached a record high.

EIA data showed crude oil inventories increased contrary to forecasts, while gasoline reserves fell sharply by 4.6 million barrels. Brent crude oil prices maintained their upward momentum, surpassing the $101 per barrel mark.
US crude oil inventories rose by 1.9 million barrels, and energy exports reached a record high.

The EIA report showed that US crude oil inventories rose by 465.7 million barrels while gasoline reserves fell sharply by 4.6 million barrels. Energy exports reached a record high of 12.88 million barrels per day...
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.

Citi forecasts global crude oil inventories to fall by 900 million barrels by the end of June 2026.
April 21, 2026 15:01

Citi Bank warns that global oil inventories will hit an eight-year low due to supply disruptions in the Strait of Hormuz, with Brent crude prices potentially reaching $130 per barrel.
US crude oil inventories fell by 913,000 barrels, while gasoline and diesel inventories also dropped sharply.
April 16, 2026 14:59

U.S. crude oil and fuel inventories fell sharply last week as exports surged and imports hit record lows amid volatile global supply.
US crude oil and gasoline inventories fell sharply, while Brent crude oil prices remained at $95.08.
April 16, 2026 14:32

A report from the U.S. Energy Information Agency (EIA) shows a sharp decline in gasoline inventories as imports hit record lows due to the impact of the conflict in the Strait of Hormuz.
US crude oil inventories rose to a three-year high of 464.7 million barrels.
April 11, 2026 05:02

Data from the EIA shows that US crude oil inventories rose sharply by 3.1 million barrels last week, far exceeding forecasts. Meanwhile, gasoline and refined product inventories declined.
US crude oil inventories rose to a three-year high of 464.7 million barrels.
April 11, 2026 05:02

The EIA report showed that U.S. commercial crude oil inventories rose by 3.1 million barrels, exceeding forecasts. However, fuel reserves fell sharply due to increased international demand.
Japan plans to release an additional amount of oil from its reserves equivalent to 20 days of consumption starting in May 2026.
April 10, 2026 11:02

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 is ready to release more oil from its strategic reserves if prices exceed $100.
March 18, 2026 05:02

IEA Director Fatih Birol affirmed that member countries are ready to release more oil from strategic reserves to compensate for supply shortages and cool down the market.
The IEA is prepared to release more oil from its strategic reserves if prices remain above $100.
March 18, 2026 05:00

International Energy Agency (IEA) Director Fatih Birol affirmed that member countries can continue releasing oil from their 1.4 billion barrel reserves to stabilize the global market.
The IEA released a record 400 million barrels of oil from its reserves to cool down the global energy market.
March 16, 2026 15:01

The International Energy Agency (IEA) has decided to release the largest emergency oil supply in history to offset supply disruptions and stabilize world oil prices.
Who holds the world's largest strategic oil reserves?
March 16, 2026 12:59

The blockade of the Strait of Hormuz has forced dozens of countries to open their emergency oil reserves. So what are strategic oil reserves, and which countries hold the supplies ready to respond...?
The IEA released a record 400 million barrels of strategic crude oil from its reserves to stabilize the global market.
March 16, 2026 10:32

The International Energy Agency (IEA) is carrying out the largest release of oil reserves in history to respond to supply disruptions and cool global energy prices.
The IEA proposes releasing the largest oil reserves in history to stabilize the market.
March 12, 2026 06:59

The IEA's plan anticipates exceeding 182 million barrels of oil, aiming to cool rising energy prices fueled by geopolitical conflicts in the Middle East.
The IEA proposes releasing record oil reserves, exceeding the 182 million barrels released in 2022.
March 12, 2026 05:29

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.
March 11, 2026 09:25

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.
March 9, 2026 15:25

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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