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Tag: US Strategic Petroleum Reserve

OPEC+’s massive supply cut is a clear win for Russia

Kostis Geropoulos - October 13, 2022

The Organization of Petroleum Exporting Counties (OPEC) and its Russia-led allies of oil-producing nations struck a major blow against the West's sanctions against Moscow...

Global Energy Insider

Countering loss of Russian oil over penalties, US opens reserve pump

Kostis Geropoulos - April 1, 2022

After consultation with allies and partners, US President Joe Biden announced on March 31 the largest release of oil reserves in history, putting one...

Oil climbs as OPEC+ may delay further supply recovery if there is a slump in demand

Kostis Geropoulos - December 3, 2021

Oil prices climbed on December 3 after the Organization of the Petroleum Exporting Countries (OPEC), and oil producing allies led by Russia, a grouping...

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