US To Release 172 Million Barrels Of Oil From Strategic Reserve To Stabilise Global Markets
The US will release 172 million barrels of oil from its Strategic Petroleum Reserve as part of a coordinated effort by IEA nations to stabilise global energy markets.
Oil Prices Fall After Reports IEA May Release Emergency Crude Reserves
Global oil prices fell after reports the IEA may release emergency crude reserves to stabilise markets as tensions between the US and Iran disrupt supply.
Renewable Energy Target Anticipated To Push Power Sector Growth
Amid the anticipation of surge in power demand in India over the next decade, India is poised to witness growth in Indian power sector owing to its ambitious energy transmission’s towards renewable energy. Japanese brokerage Nomura revealed that India’s power demand is likely to increase by 7 percent between financial year 2024-27 on Compound Annual …
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Russia’s Oil Revenue Falls Sharply In February As Sanctions Bite: IEA
The IEA calculated the weighted average export price of Russian crude at $52.48 per barrel
