Latest news and articles about strategic reserve from NEX English
Energy Minister Akanat Promphan announced plans to reform the country's refining margin mechanism to ensure fairer pricing for consumers. This initiative is part of the government's efforts to address the escalating energy crisis.
US Energy Secretary Chris Wright announced on Monday that the United States has begun pumping between <strong>1 million and 1.5 million barrels</strong> of oil daily from the Strategic Petroleum Reserve since last week. This move aims to stabilize global oil prices following the cessation of Iranian strikes.
Oil and gas prices have seen a significant increase not witnessed in several years, driven by the repercussions of the Iranian war. Experts are calling for the urgent opening of the strategic oil reserve to mitigate economic impacts.