Browsing Tag

oil reserve

The US announced the release of 15 million barrels of oil

The President of the United States, Joe Biden, announced that the Department of Energy will release this Wednesday 15 million barrels from the country's Strategic Petroleum Reserve (SPR) with the aim of being delivered in December. Biden directed his administration to take these steps to strengthen…

Oil companies from nine countries will dispute auction in Brazil

In an auction that will be held on November 7, major oil companies in the world will enter into a bid in order to obtain exploration and exploitation rights in five areas of the Brazilian presal, one of the most coveted oil reserves where…