The U.S. ordered another release of oil from emergency reserves—and urged European nations to do likewise—as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections. The U.S. will offer up to 40 MMbbl from the Strategic Petroleum Reserve, according to a statement from the Department […]
The International Energy Agency said oil from an unprecedented stockpile release will be made available immediately in Asia, where buyers are clamoring to replace barrels lost to war-related disruptions in the Middle East.