Release of strategic reserves quells oil prices

According to Reuters, China announced a partial release of its strategic oil reserves on Thursday while oil prices continue to fall.

Photo: Rob Carr/AP/Ritzau Scanpix/AFP / GETTY IMAGES NORTH AMERICA

Oil prices continue downward Thursday morning amid rumors of strategic petroleum reserve releases in China and the US.

A barrel of European reference oil Brent trades Thursday morning for USD 79.94 against USD 81.45 at closing trading hours Wednesday CET.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs