Storage

India's ONGC to reserve half of new oil storage for strategic reserves

New Delhi is expanding its Strategic Petroleum Reserve capacity with private participation.

EIA: U.S. crude stocks fall as refiners step up processing

Total crude inventories, including commercial stocks and those in the government's emergency reserve, have fallen by nearly 129 million barrels since the start of the U.S.-Israeli war on Iran to 726.17 million barrels, the lowest level since 1984.

Opinion: China’s oil fortress will reshape the global order

The measures China used to offset the energy supply shock — sharply cutting crude imports, restricting exports of refined fuels and drawing on domestic inventories — culminated in a decades-long campaign to reduce its heavy dependence on overseas energy supplies.

China taps deeper into oil inventories despite biggest drop in refining on record

China, the world's biggest energy importer, slashed imports by 41% in June, freeing up more oil for other countries to buy during the crisis.

India's ONGC plans to build 13-MMbbl national strategic oil reserve

India is enhancing its energy cooperation with countries, including the United Arab Emirates and Japan, to strengthen its emergency stockpile.

Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch

Tajikistan's energy minister said that the country has around 60 days of fuel reserves and is in talks with nearby countries about future supplies, amid acute fuel shortages in major trade partner Russia.

Svanehoj acquires Henri Systems Holland, enhancing its tank gauging and aftermarket capabilities

EIA: U.S. crude inventories rise, gasoline and distillate inventories fall

Crude inventories rose by 3 million barrels to 411.4 million barrels in the week ending July 3, compared with analysts' expectations in a poll for a 2.4 million-barrel draw.

South Korea expands energy partnership with UAE's ADNOC

Both parties will seek to boost long-term crude supply to Korean refiners, improve joint coordination during emergency supply situations such as seeking alternative export routes, and advance cooperation on international joint crude stockpiling in South Korea.

Ukraine attacks on Russian energy sites: What has been hit?

The drone attacks are worsening fuel shortages in Russia, where people have reported rising prices and long queues at the filling stations across most regions.