Articles for 1 Million Barrels

Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump
7 months, 3 weeks ago

Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

Associated Press  

WASHINGTON — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The move, which the department said is intended to help “lower costs for American families and consumers,″ follows a mandate from Congress to sell off the …

Energy Northeast Congress Prices Biden Million Bid
Biden oil move aims to cut gas prices ‘fairly significantly’
2 years, 9 months ago

Biden oil move aims to cut gas prices ‘fairly significantly’

Associated Press  

WASHINGTON — President Joe Biden on Thursday ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep sanctions on Russia over its invasion of Ukraine. Biden said Thursday he expects gasoline prices could …

Energy Ukraine Russia Production Million Release Gas Prices
Biden orders release of 1 million barrels of oil a day from U.S. strategic reserve
2 years, 9 months ago

Biden orders release of 1 million barrels of oil a day from U.S. strategic reserve

LA Times  

President Biden’s order to release 1 million barrels of oil a day from the U.S. strategic petroleum reserve for six months is a bid to control prices that have spiked after the United States and allies imposed sanctions on Russia over its invasion of Ukraine. President Biden on Thursday ordered the release of 1 million barrels of oil per day …

Energy Ukraine Russia Production Oil Prices Biden President
OPEC+ silence has oil market second-guessing next supply move
3 years, 10 months ago

OPEC+ silence has oil market second-guessing next supply move

Hindustan Times  

OPEC and its allies kept oil-watchers guessing about their next move, after a day of preliminary talks offered few clues as to whether the market will get the April supply increase it’s been expecting. While OPEC+ is still widely expected to revive some of the 7 million barrels a day they’ve idled, a preliminary meeting of ministers earlier in the …

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IOC gets first shipload of 1 million barrels crude oil from UAE to fill strategic reserves
4 years, 9 months ago

IOC gets first shipload of 1 million barrels crude oil from UAE to fill strategic reserves

Firstpost  

India is capitalizing on low global oil prices to fill its underground strategic oil reserves, with the first shipload of 1 million barrels of crude oil from the UAE arriving at Mangalore as part of efforts to shore up supplies to meet any supply or price disruption New Delhi: India is capitalizing on low global oil prices to fill its …

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Fuel rates: Petrol, diesel prices hiked for first time in over a month on higher crude oil prices and weakening rupee
6 years, 6 months ago

Fuel rates: Petrol, diesel prices hiked for first time in over a month on higher crude oil prices and weakening rupee

Firstpost  

The increase of 16 paisa a litre in petrol and 12 paisa per litre in diesel came after an 8-day self-imposed hiatus in rate revisions by state-oil firms in anticipation of softening international rates due to OPEC decision to raise output by 1 million barrels per day New Delhi: Petrol and diesel prices were on Thursday hiked for the first …

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Govt expresses happiness over OPEC decision to raise oil production by 1 million barrels per day
6 years, 6 months ago

Govt expresses happiness over OPEC decision to raise oil production by 1 million barrels per day

Firstpost  

OPEC last week agreed to boost oil production after consumers from the US to India and China expressed anxiety over rising prices New Delhi: India, the world’s third-biggest oil consumer, on Monday expressed happiness at OPEC decision to raise production by 1 million barrels per day, saying the oil cartel has taken cognizance of the market and the move is …

India Market Oil Prices Production Oil Prices Opec