oil reserves

Japan rules out further oil release after G7 deal

Group of Seven countries agreed on Friday, Oct. 2, to release 100 million barrels of diesel and crude oil from emergency reserves over four months. The deal followed a week of pressure from President Donald Trump, who wanted Europe to…

Macron to convene G7 meeting on energy crisis, eyes strategic oil reserves

French President Emmanuel Macron announced on Friday that France will convene a G7 meeting in the coming weeks dedicated to the escalating global energy crisis, with a coordinated release of strategic oil reserves among the options on the table. The…

China’s massive oil stockpile reshapes global energy markets amid Iran war

Years before the U.S. launched its military campaign against Iran, China was quietly building the world's largest strategic oil reserve. Now, months into a conflict that has upended global energy flows, that foresight has handed Beijing an unexpected form of…