According to data from oil service provider Baker Hughes, the number of active oil rigs in the US fell by a further six last ...

In its just-released report, the EIA said U.S. crude oil and lease condensate proved reserves fell 3.9% to 46.4 billion barrels in 2023 from 48.3 billion barrels in 2022. At the same time, crude oil ...

US reserves status quo: Gold, oil and the emerging role of Bitcoin . The US government has long relied on gold and oil as reserve assets, but with the growing institutional adoption of Bitcoin ...

The US Strategic Petroleum Reserve's planned crude oil deliveries are delayed by seven months until December 2025 due to site ...

The estimated $20 billion would only be enough to buy about 301 million barrels of U.S. crude at today's prices, and would bring the reserve to less than 700 million barrels.

Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.

U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump's goal of refilling the Strategic Petroleum Reserve to its maximum capacity ...

U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil producer Gazprom Neft said on ...

ST PETERSBURG (Reuters) -U.S. and Chinese purchases for strategic oil reserves are expected to offset any potential global surplus, keeping oil prices in check, the head of the Russian oil ...