Oil Reserves
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US to release 53.3 million barrels of its strategic reserves
TEHRAN, May 12 (MNA) – The US Department of Energy announced plans to release 53.3 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to help stabilize global fuel supplies.
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Venezuela's UN envoy hits back at Trump over oil remarks
TEHRAN, Dec. 19 (MNA) – The Venezuelan ambassador to the United Nations has condemned US President Donald Trump’s claims about the ownership of Venezuela’s territory and oil resources.
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Oil minister says Iran has no unsold oil at sea
TEHRAN, Aug. 21 (MNA) – Iranian Minister of Oil Mohsen Paknejad has said that not a single barrel of unsold Iranian oil is left at sea, stressing that all shipments currently at sea are managed according to market conditions and precise planning.
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Iran ensures winter supply with higher fuel reserves
Iranian oil minister Ministry’s strong measures to ensure winter fuel supply, stating that power plants’ liquid fuel reserves by Aug. 16 are approximately 60% higher than last year.
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Power plant diesel reserves up 85%: Iran oil ministry
TEHRAN, May 28 (MNA) – Diesel storage levels at power plants reached nearly 1.5 billion liters in the first two months of the Iranian calendar year 1404 (March 21–May 21), registering an 85% growth compared to the same period last year.