August 24, 2024

US Purchases 2.5 Million Oil Barrels to Add to Strategic Reserve

The United States has purchased nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest-ever withdrawal from the emergency reserve in 2022.

The U.S. Department of Energy said that approximately 800,000 ba…

US Purchases 2.5 Million Oil Barrels to Add to Strategic Reserve

The United States has purchased nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest-ever withdrawal from the emergency reserve in 2022.

The U.S. Department of Energy said that approximately 800,000 ba…

Kuwaiti Oil Price Up USD 1.51 pb

The price of Kuwaiti oil barrel went up by USD 1.51 to USD 77.91 per barrel (pb) on Friday, compared with USD 76.40 the previous day, said Kuwait Petroleum Corporation (KPC) on Saturday.

Globally, Brent crude oil went up by USD 1.80 to reach USD 79.0…