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ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas. ISPRL maintains an emergency fuel store of total 5.33 MMT (million metric tons) or 36.92 million barrels (5.870 million cubic metres ) of strategic crude oil enough to ...
Last year, the ISPRL filled the SPRs with cheap oil and it needs to sell some of that to make way for leasing. India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run ...
The Pennsylvania Bulletin is a weekly journal produced by the Commonwealth of Pennsylvania.Created on a weekly basis by staff in the Legislative Reference Bureau of Pennsylvania, which is housed at the Pennsylvania State Capitol building in Harrisburg, Pennsylvania, this publication serves as "the Commonwealth's official gazette for information and rulemaking" and is released for public ...
France, Germany and Italy have an oil-sharing agreement in place that allows them to buy oil from each other in the event of an emergency. [8] In 1968, the six members of the European Economic Community – Belgium, France, Germany, Italy, Luxembourg and the Netherlands – agreed to maintain a minimum level of crude oil stocks and oil products ...
LONDON (Reuters) -Oil prices were steady on Friday but on course for a weekly decline as markets wait to see if U.S. President Donald Trump follows through on his threat to impose tariffs on ...
A Grist review of records from 2019 to 2023 found that oil and gas producers submitted more than 3,000 reports of wastewater dumping to the state Department of Environmental Protection, or DEP.
Commercial crude oil stock pile. The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m 3). [1]
Oil futures jumped more than 2% on Friday as signs of supply tightness sent prices higher. West Texas Intermediate ( CL=F ) futures surged above $80 per barrel during intraday trading for the ...