Storage

Vietnam's largest refinery plans crude tenders, has supplies through June

EIA: U.S. crude and fuel inventories fall as Iran war roils energy markets

Fuel inventories also declined, as exports of petroleum products rose to their highest level on record.

Oil supply shock to worsen as inventories fall further even if conflict ends

Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand.

Australia commits $7 B to boost fuel stockpiles, create government reserve

The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.

Europe's response to the Iran war energy crunch

Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.

IEA ready to further tap global oil reserves if needed, chief says

The 32-member IEA agreed last month to release 400 million barrels of oil from reserves, the largest-ever coordinated release, in a bid to calm oil markets. The U.S., the world's largest oil and gas producer, agreed to release 172 million barrels from its Strategic Petroleum Reserve.

IEA announces record release of strategic stocks in response to Iran war oil price surge

The IEA said the release had been backed unanimously by 32 member countries, the sixth such move it has made since its creation in the 1970s.

Glenfarne’s Texas LNG and Kiewit execute lump-sum turnkey EPC contract for 4-MMtpy LNG project

Thailand to boost fuel reserves, bids to secure LNG amid Iran crisis

S3 sets a new benchmark for European onshore and transition seismic in landmark CCS survey

Over the coming years, the project will assess the potential to establish a full-scale onshore CO₂ storage facility across an area of approximately 500 km², with the ambition of becoming operational as early as 2030.