US Strategic Petroleum Reserve Refill Hinges on Loans and a $20 Billion Bill
The U.S. Strategic Petroleum Reserve held about 283 million barrels at the end of September, its lowest level since 1982….
Commodities News
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Oil chiefs skip Riyadh energy congress after Houthi airport strike kills 12
Several senior international oil executives called off plans to attend the World Petroleum Council's energy congress in Riyadh after a…
North Sea Oil Producers Urge Burnham to Replace Windfall Tax With Price-Triggered Levy
North Sea producers want Prime Minister Andy Burnham to replace the Energy Profits Levy with a levy triggered only when…
China Adds 23 Tonnes of Gold in September, Extending Buying Streak to 23 Months
China's central bank added about 23 tonnes of gold in September, its 23rd straight month of buying. Gold slipped to…
IEA Releases Another 100 Million Barrels as U.S. Oil Reserve Hits Lowest Level Since 1983
The International Energy Agency will release another 100 million barrels of diesel, gasoline and crude oil, but global inventories keep…
