Reserve
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Port News
German shipowners float civilian maritime reserve amid rising risks
German shipowners are calling for the creation of a civilian “sea service” to strengthen the country’s ability to keep trade…
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Maritime News
U.S. Petroleum Reserve Release Will Likely Boost Oil Exports to Asia
The conflict between the US., Israel and Iran is entering its third week and the Strait of Hormuz remains virtually…
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Maritime News
Report: IEA Proposes Largest Coordinated Oil Reserve Release in History
The International Energy Agency’s member states are expected to vote on a record-setting drawdown of global oil reserves on Wednesday,…
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Maritime News
US Explores Plan to Swap Venezuelan Oil for Crude to Fill Emergency Reserve
The U.S. Department of Energy is exploring a plan to exchange heavy Venezuelan oil for U.S. medium, sour crude to…
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Marine World
U.S. Seeks 1 Million Barrels for Strategic Petroleum Reserve
The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for…
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Maritime News
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Maritime News
Oil Prices Ease Lower As Investors Await Federal Reserve Decision on Interest Rates
Oil prices eased on Wednesday after data showing an increase in U.S. diesel stockpiles stoked worries about demand, while investors awaited the U.S. Federal Reserve’s decision…
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Maritime News
Survey Reveals Lost Wreck of the Steamer SS Western Reserve
The Great Lakes Shipwreck Historical Society (GLSHS) has unveiled its latest wreck find: the remains of the steamer Western…
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Marine World
Biden Administration Buys Back 3 Million Barrels for Strategic Petroleum Reserve
By Timothy Gardner WASHINGTON, June 3 (Reuters) – The U.S. is buying another 3 million barrels of oil for the country’s Strategic Petroleum Reserve, the Department…
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Marine World
S.Korea’s Yoon Says Vast Amount Of Oil, Gas Reserve Possible Off East Coast
SEOUL, June 3 (Reuters) – South Korean President Yoon Suk Yeol said on Monday the possibility of a vast amount of oil…
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