Oil Reserves News Monitoring

US House committee proposes $2bn for Strategic Petroleum Reserve

The US House Energy and Commerce Committee has proposed a budget that allocates $2bn to replenish and maintain the Strategic Petroleum Reserve (SPR), considered to be the world’s largest emergency oil stockpile. The proposal, unveiled late Sunday, includes …

Republicans release $1.3 billion plan to replenish Strategic Petroleum Reserve

Republicans Push to Refill the Strategic Petroleum Reserve With $1.3 Billion

U.S. House Republicans have introduced the Budget Reconciliation Bill, which will include funding to begin refilling the Strategic Petroleum Reserve (SPR)—a key promise of President Donald Trump. The bill proposes $1.321 billion to acquire, by purchase, …

Republicans Push $1.3 Billion Bill To Refill The Strategic Petroleum Reserve

Authored by Charles Kennedy via OilPrice.com, The proposed bill allocates $1.321 billion to refill the SPR and $218 million for maintenance and repairs. It aims to repeal the SPR drawdown mandate and redirect funds away from climate initiatives. The …

US House budget bill seeks more than $1.5 billion for Strategic Petroleum Reserve

WASHINGTON (Reuters) -A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in …

OPEC+ to ensure main growth of global oil supplies after 2030 — Novak

MOSCOW, May 12. /TASS/. OPEC+ countries, including Russia, will ensure the main growth of global oil supplies after 2030, Russian Deputy Prime Minister Alexander Novak wrote in an op-ed for the Energy Policy magazine. Meanwhile the share of the …

David Blackmon: Chris Wright has a mess to clean up — Biden’s Strategic Petroleum Reserve mess

By DAVID BLACKMON | DAILY CALLER NEWS FOUNDATION Joe Biden and his appointees took an abundance of costly and damaging policy actions during his four-year term in office. Fortunately, that damaging agenda was limited to a single term presidency by voters …

Macquarie Strategists Forecast 7.6MM Barrel USA Crude Inventory Build

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9. “This follows a 2.0 million barrel …

Upside for Oil Prices Remains Limited Despite U.S.-China Trade Deal

Oil prices rallied aggressively on the news of a U.S.-China trade deal, with fears of a total economic collapse fading. Despite that development, abundant supply means the upside for prices remains limited. - A string of deals targeting large-cap …

India Approves More Russian Insurers to Provide Marine Cover

NEW DELHI, May 13 (Reuters) – India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key …

Energy Department Proposes To Cut 47 Rules On Energy Efficiency, SPR, DEI

"The Energy Department has announced proposals to cut dozens of energy efficiency and other rules in what it is describing as the ”‘largest deregulatory effort in history.” The department plans to ax a long list of efficiency regulations, including …

The UAE’s Role in the Next Era of Satellite Intelligence

The impact of public-private collaborations, advancements in satellite data usage, and the UAE’s drive to lead in space intelligence and sustainable development. Khalid Al Naqbi By Khalid Al Naqbi – Emirati National Experts Programme, Satellite Technology …

India approves Russian insurers to provide marine cover to oil bearing ships

India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India has approved three …

India approves more Russian insurers to provide marine cover

India has approved three Russian insurers, including a unit of top lender Sberbank , to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to its key market. India is the top buyer …

Energy secretary: Biden's quick draining of Strategic Petroleum Reserve marred system

President Biden caused $100 million in damage to the infrastructure that stores the nation’s emergency crude oil supply when he ordered nearly 180 million barrels to be sold for lower energy prices ahead of the 2022 midterm elections, said Energy Secretary …

Nigerian Govt battles Pan Ocean Oil over alleged unpaid US$49.9m oil, gas royalty

Pan Ocean Oil Corporation(Nigeria) Limited Akin Kuponiyi    As a result of alleged refusal of an Oil and Gas company, PAN OCEAN OIL CORPORATION(NIGERIA) LIMITED, to pay to  Federal Government of Nigeria, the sum of US $ 49,936,088.31 being Oil and Gas …

A Resilient Guyana

DESPITE the increasing aggression of Venezuela, Guyana’s business climate is remarkably unscathed, and continues to show impressive growth. As testified to recently by Georgetown Chamber of Commerce and Industry President Kathy Smith at the Offshore …

Crude oil futures decline despite US-China trade progress

Crude oil futures traded lower on Tuesday morning due to prospects of an increase in global supply, despite progress in US-China trade negotiations. At 9.58 am on Tuesday, July Brent oil futures were at $64.81, down by 0.23 per cent, and June crude oil …

PHOTOS: Nature Lover Out for a Walk Finds Trove of Ancient Silver Coins in Romanian Field

A metal detectorist out for a walk came upon an ancient treasure trove in southern Romania, and photos show just how big the discovery was. Marius Mangeac told Fox News he was making his way alone across a field near Letca Veche and could not believe it …

Global LED Conformal Coating Market Outlook: Drivers, Trends, Opportunities & Forecast 2025–2034

The Business Research Company's Global LED Conformal Coating Market Outlook: Drivers, Trends, Opportunities & Forecast 2025–2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 13, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

The High Efficiency Energy Car Air Purifier Market 2025: Rising Air Pollution Driving The Growth Of The Market

The Business Research Company's High Efficiency Energy Car Air Purifier Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, May 14, 2025 /⁨EINPresswire.com⁩/ -- The Business …

World Happiness Foundation Response to 'A Call for Peace: The End of Wars and Respect for International Law'

By Luis Miguel Gallardo – Founder & President of the World Happiness Foundation NEW YORK, NY, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Introduction and Context The World Happiness Foundation warmly commends the High …

Preferred Utilities acquires Hays Cleveland Controls and Instrumentation product line from Cleveland Controls

Acquisition strengthens Preferred Utilities' product portfolio and offers continuation of service to Hays Cleveland customers. DANBURY, CT, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Preferred Utilities Manufacturing Corporation, a leader in …

Smart Grid Analytics Market Set to Surge from USD 6.2 Billion in 2024 to USD 17.9 Billion by 2033

Global demand for efficient energy systems, integration of renewable energy sources & deployment of smart grids are significant factors driving market growth VANCOUVER, BC, CANADA, May 13, 2025 /⁨EINPresswire.com⁩/ --  The global smart grid analytics …

Hydrogen Gas Market Sees Significant Growth Driven by Chemical Industry Demand and Sustainable Solutions

The growing emphasis on cleaner production methods and the shift toward sustainable chemical manufacturing are further fueling demand VANCOUVER, BC, CANADA, May 13, 2025 /⁨EINPresswire.com⁩/ --  The global hydrogen gas market is experiencing …

EvoChip.ai launches revolutionary AltiCoreAI, redefining AI efficiency and performance

DANA POINT, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- EvoChip.ai, the company reinventing Machine Learning from the ground up, today announced AltiCoreAI, the next-generation model training and inference IP block that delivers orders- …

Brightmerge Delivers Advanced Energy & Financial Intelligence to Accelerate Jacksons Food Stores' EV Charging Deployment

Brightmerge's techno-financial scenario analysis solution plays a key role in optimizing fleet and public EV charging infrastructure planning and operation. TULSA, OK, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Brightmerge, a leading …

EticaAG Appoints John Dohm as Chief Operating Officer to Drive Scalable Growth and Operational Excellence

EticaAG names tech veteran John Dohm as COO to lead operational scale-up and support growing demand for its fire-safe energy storage systems. PITTSBURGH, PA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- EticaAG, a leader in non-flammable …

proMX to host webinars on Productivity Suite for new and experienced users

NUREMBERG, GERMANY, May 13, 2025 /⁨EINPresswire.com⁩/ -- proMX will host two upcoming webinars focused on the proMX 365 Productivity Suite, a set of apps built to make project work more productive, as well as complement and enhance the features of …

Project Haystack Unveils Haystack 5 with Xeto Schema Language and RDF Integration at Haystack Connect 2025

RICHMOND, VA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- The Project Haystack Organization (www.project-haystack.org), a 501(c) non-profit focused on advancing data modeling and interoperability for IoT devices, smart equipment, and …

Colorado State University (CSU) and Pivot Energy partner to develop solar project to support CSU’s decarbonization goals

Will help CSU achieve 100% renewable electricity by 2030 DENVER, CO, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Colorado State University (CSU) and Pivot Energy, a leading national renewable energy independent power producer (IPP), today …

Hydrogen Energy Storage Market 2025 Is Booming Worldwide by 2032 | Lhyfe, HySiLabs, Engie, BP, Shell, ExxonMobil

The global hydrogen energy storage market is estimated to be valued at USD 17.50 Bn in 2025 and is expected to reach USD 24.32 Bn by 2032 BURLINGAME, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Coherent Market Insights has published a …

Offshore Wind Market 2025 Is Booming Worldwide by 2032 | Siemens AG, General Electric, ABB, Ltd., EEW Group

Offshore Wind Market is estimated to be valued at USD 63.43 Bn in 2025 and is expected to reach USD 175.83 Bn in 2032 BURLINGAME, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Coherent Market Insights has published a comprehensive …

PJM’s Reliability Resource Initiative Results to Be Discussed at Appalachian AI Energy Conference

Conference Will Discuss Impact on AI Data Centers PITTSBURGH, PA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- PJM Interconnection’s Reliability Resource Initiative (RRI) marks a pivotal response to surging electricity demand across the Mid …

The EnCorps Summer Learning Summit Highlights Important Topics in STEM and Education

A Day of Exploration and Innovation: EnCorps STEM Learning Summit Offers Educators and STEM Professionals Hands-On Learning Experiences. LOS ANGELES, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- “The EnCorps Learning Summit stands as …

Pando Electric Announces Partnership with Associa The Largest Property Manager to Expand EV Charging Solutions

Pando Electric partners with Associa to bring affordable EV charging to 7.5M U.S. homeowners, starting with 43 outlets at a Northern California HOA. SAN JOSE, CA, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Pando Electric, a leading …

Solar Simplified and UGE Partner to Deliver Clean, Affordable Energy to Long Island via Medford Community Solar Project

MEDFORD, NY, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- Solar Simplified, a national leader in community solar aggregation, is proud to announce its collaboration with UGE on the Medford Logistics Center community solar project, a 1.3MW …

Florida Mesothelioma Victims Center Strongly Recommends the Gori Law Firm for a Former Plumber with Mesothelioma or Lung ...

TAMPA , FL, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- The Florida Mesothelioma Victims Center says, "If your husband or dad who now lives in Florida was a plumber and he has recently been diagnosed with mesothelioma or lung cancer we …

iBridge LLC and Transformative SA Announce Strategic Partnership

Advancing U.S.-MENA Digital and Human Capital Transformation, Tied to President Trump’s Agenda WASHINGTON D.C., DC, UNITED STATES, May 13, 2025 /⁨EINPresswire.com⁩/ -- In a move emblematic of the deepening ties between the United States and the Gulf …