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Oil prices fell after news reports suggested the U.S. might tap its strategic reserves to slow the rising price of oil. Benchmark crude for September delivery was down 49 cents to $95.11 per barrel at midday Bangkok time in
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55, Amiram Barkat Sources inform ''Globes'' that the Bank of Israel will support minimal restrictions on natural gas exports. The central bank recently decided on its position ahead of the final report by the committee on the gas market structure,
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China is spending billions of yuan buying domestically mined rare earth to build up its national strategic reserves, an official said on Friday. Shi Yaoqiang, an official in the rare earth division of the Ministry of Industry and Information
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Thursday, 28 June 2012 Washington DC -- A group of activists, academics and other concerned citizens is calling for the creation of a cabinet-level "Department of Common Sense" to improve the quality of decision-making in the nation
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Francois Fillon , the French prime minister, suggested Thursday that a deal was near among developed countries including the United States to tap strategic petroleum reserves to reduce gasoline prices. There are good prospects for a deal, Mr. Fillon
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Crude-oil futures fell Wednesday amid reports of a possible coordinated oil release by France, the U.S. and the U.K., and as the market awaited a weekly update on U.S. oil inventories. Crude for April delivery fell 92 cents, or 0.9%, to $106.42 a
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Articles He extended support for the construction of the southern leg of the Keystone XL pipeline and said his commitment to building oil infrastructure was unwavering. With political pressure mounting, the talk about release of crude from the U.S...
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The Washington Post Oil prices dropped quickly Thursday on a news report that Britain and the United States would cooperate on a release crude oil from strategic reserves, but an Obama administration official said the report was inaccurate and played
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The imports are part of a plan by the world's fifth-largest crude importer to reach 40 million barrels this year of inventories called co-stockpiles held by the 12 oil producers and majors. Those are commercial stockpiles over which the government
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The construction of China's petroleum reserves is in full swing, with the capacity reaching a 36-day consumption level in the preliminary phase, said Li Shousheng, vice-chairman of China Petroleum and Chemical Industry Federation. "China's petroleum
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