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IEA Member Countries Release Record 411.9 Million Barrels of Oil from Strategic Reserves
BusinessReutersSCMPirozhlas+13NHK Worldorfel-mundoYahooTimes of Indiastraits-timesdh-les-sportsnaftemporiki+5 more1mo ago16 sources

IEA Member Countries Release Record 411.9 Million Barrels of Oil from Strategic Reserves

Member countries of the International Energy Agency (IEA) have decided to release an unprecedented total of 411.9 million barrels of oil from their strategic reserves, which are expected to enter global markets soon to mitigate the impact of the Middle East conflict.

Businessyonhap-english16d ago

Hanwha Ocean Secures 393.3 Billion Won VLCC Order in Oceania

South Korean shipbuilder Hanwha Ocean has won a significant order worth 393.3 billion won for Very Large Crude Carriers (VLCCs) from a client in the Oceania region. This contract underscores the company's strong position in the global shipbuilding market.