There will be no shortage of oil due to the war, India has a Plan B ready
India has adequate oil reserves and a contingency plan in place to manage potential shortages despite rising crude oil prices due to Middle East tensions.
If the Hormuz Strait is closed, will India buy oil from Russia again? Know the impact of the Iran crisis
India is assessing its oil supply options as Iran announces the closure of the Hormuz Strait amidst rising tensions with the US and Israel, with current reserves expected to sustain the country short-term.
Russia has enough oil to last 60 years โ deputy PM
Deputy Prime Minister Aleksandr Novak announced that Russia's recoverable oil reserves could sustain the country's output for over 60 years.
USA: They will not release oil from the strategic reserves โ What will happen to prices
The U.S. is not considering releasing oil from the Strategic Petroleum Reserve amid rising tensions with Iran, as officials believe price increases will be minimal.
Government to Monitor Iranian Strikes for 24 Hours... Considering Release of Strategic Oil Reserves
The South Korean government is closely monitoring the impacts of US-Israeli strikes in Iran on domestic and international financial and energy markets.
Without friendship in the matter of 'Friendship'. Robert Fico: We have the right to this oil
Hungary and Slovakia face supply disruptions due to their continued reliance on Russian oil, leading to alternative sourcing and strategic reserves opening up.
Financial Times: Iran offers 'huge business opportunity' to American companies
Iran is attempting to entice U.S. President Donald Trump with financial incentives to invest in its vast oil and gas reserves as part of efforts to negotiate a nuclear agreement.
Slovnaft is missing Russian oil, but shortages are not destroying it. Fico's threats toward Ukraine are exaggerated
Slovnaft retains sufficient oil reserves and alternative supply options to continue both domestic and export operations despite the reliance on Russian oil.
Somaliland eyes mineral boom after Israel recognition
Somaliland is looking to leverage its mineral wealth and potential oil reserves following Israel's recognition, which officials believe could attract foreign investment and transform the region's economy.
Sonatrach plans extensive investments in oil and gas exploration
Sonatrach is planning significant investments in oil and gas exploration from 2026 to 2030 to enhance Algeria's reserves.
Hungary and Slovakia are tapping into oil reserves. Blackmail towards Ukraine did not help
Hungary and Slovakia are accessing their oil reserves in response to disrupted supplies due to aggression from Russia.
Hungary: Releases 1.8 million barrels of crude oil from its strategic reserves
The Hungarian government plans to release 1.8 million barrels of crude oil from strategic reserves due to disruptions in oil flow caused by drone attacks.
Shutdown of the Druzhba oil pipeline: Hungary will tap into strategic oil reserves
Hungary will release 250,000 tons of oil from its strategic reserves due to the suspension of supplies through the Druzhba pipeline, prioritizing its state-owned company MOL.
Hungary will release 250,000 tons of oil from reserves, prioritized by MOL
Hungary is set to release 250,000 tons of oil from its reserves, with the MOL company getting priority access.
Slovakia follows Hungary in halting diesel exports to Ukraine
Slovakia has suspended diesel exports to Ukraine, following a similar decision by Hungary, as domestic reserves are prioritized amid disruptions in supply from the Druzhba oil pipeline.
State of Emergency Declared in Slovakia Due to Oil Shortage
Slovakia has declared a state of emergency to utilize oil reserves and ensure supply to the 'Slovnaft' refinery amidst a shortage caused by disrupted oil deliveries from Russia.
Orbรกn accuses Ukraine of blackmail over Druzhba oil, says Hungary may use reserves
Hungarian Prime Minister Viktor Orbรกn accuses Ukraine of blackmail regarding the Druzhba oil pipeline and indicates that Hungary may need to use its strategic reserves due to supply issues.
The government releases emergency oil reserves / Slovnaft can sustain normal operations for a month, waiting for tanker deliveries through the Adriatic
The Slovak government has started to release emergency oil reserves as the Druzhba pipeline remains inactive, raising concerns about supply security amid geopolitical tensions.
The Slovak government declared a state of oil emergency, Slovnaft refinery will receive oil from reserves
The Slovak government has declared an oil emergency, enabling the Slovnaft refinery to access oil from national reserves.
Natural gas from Venezuela, not oil, could be a big initial prize
Venezuela's vast oil reserves are overshadowed by the untapped potential of its natural gas fields, particularly off its eastern coast, which foreign companies are now keen to develop.
EU: There is no short-term risk for oil supply in Hungary and Slovakia
The European Commission has stated that there is no short-term risk to oil supply in Hungary and Slovakia after a halt of Russian oil flows through Ukraine, as both countries have sufficient emergency reserves.
Where are you going, Venezuela?
The article discusses the current confusion and uncertainties in Venezuela's political and economic landscape, while highlighting the strategic interests of the U.S. in the region's oil reserves.
United States and Venezuela announce an unprecedented long-term energy agreement: Is the oil blockade coming to an end?
The U.S. Secretary of Energy announced that the embargo on Venezuelan oil has essentially ended following a historic meeting in Caracas with interim President Delcy Rodrรญguez focused on the country's vast oil reserves.
US Energy Secretary Arrives in Venezuela for Oil Sector Negotiations
The US Energy Secretary Ch. Wright is in Venezuela to discuss the utilization of the countryโs vast oil reserves following the ousting of former President Nicolas Maduro.
Oil barrel rises more than 1% due to tension between the US and Iran and better demand
Oil prices have risen over 1% due to heightened risks from fragile US-Iran talks and declining reserves indicating increased demand.
Caribbean State in Crisis: Three Weeks Until the Collapse of Cuba?
Cuba is facing a severe crisis with dwindling oil reserves, leading to widespread power outages and unprecedented cold weather.
US Energy Secretary Plans Visit to Caracas to Discuss Energy Future
US Energy Secretary Chris Wright is planning a visit to Venezuela to discuss the future of the energy sector amid geopolitical tensions.
Shell needs big discovery or deals as oil, gas reserves dwindle
Shell faces a potential production shortfall by 2035 due to dwindling oil and gas reserves, prompting the need for new discoveries or acquisitions.
The search for new oil reserves in Brazil falters and completes a decade of stagnation
Brazil has reached the end of 2025 confirming a decade of stagnation in the search for new oil exploration frontiers due to declining international prices and environmental licensing challenges.
Itโs much worse than Russia expected. The surprised Kremlin will soon exhaust its reserves
Russia's economy is facing serious problems as state revenues plummet due to low oil prices and lack of interest from India, with budget deficits potentially tripling forecasts by 2026.
CBN reforms, rising oil prices lift FX fortunes
Nigeria's foreign exchange market is improving due to Central Bank reforms and rising oil prices, enhancing the naira's value and strengthening external reserves.
FG approved 28 new oil field plans worth $18.2bn in 2025 โ Minister
Nigeria has approved 28 new Field Development Plans valued at $18.2 billion, expected to unlock around 1.4 billion barrels of crude oil reserves by 2025, according to the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri.
EU gas reserves plunge to lowest level since 2022 โ FT
EU gas storage has dropped to its lowest level for this time of year since the 2022 energy crisis due to cold weather and reduced reserves, leading to a surge in energy prices following cuts to Russian oil and gas imports.
Venezuela: Lightness, sulfur content, acidity... Why are not all oils equal?
The article discusses the varying qualities of oil and highlights that Venezuela possesses the largest proven oil reserves, encouraging investment from oil companies.
Repsol bets 200 million on its results in Trump's Venezuela
Repsol invests heavily in Venezuela, risking $200 million as it holds a significant share of its reserves and production in the country, while the CEO expresses cautious optimism amid potential challenges.
Trump wants Venezuela's oil โ markets may not care
President Trump expressed his intentions to tap into Venezuela's oil reserves to potentially lower energy prices in the U.S., though market reactions may vary.
US plan to exploit Venezuelaโs oil could eat up 13% of carbon budget to keep 1.5C limit
The US's strategy to exploit Venezuela's vast oil reserves may consume over 13% of the world's carbon budget by 2050, threatening global climate goals.
Venezuela has a lot of oil. It also has something else that Trump needs
U.S. President Donald Trump has announced that American companies will gain access to Venezuela's vast oil reserves, while also showing interest in the country's untapped mineral and rare earth elements vital for various industries.
Does America Attack Other Countries Just to Take Their Oil?
The article discusses the U.S. rationale behind military actions in Venezuela, suggesting it revolves around controlling the country's oil reserves, as indicated by statements from President Donald Trump.
Trump proclaims himself chief oilman
Donald Trump asserts that if his operations in Venezuela succeed, Washington would control the world's largest oil reserves and significantly increase production.
Trump's oil maneuver in Venezuela: China amassed four times more reserves with the regime than Chevron and Repsol combined
A report by Morgan Stanley reveals the extent of oil stakes in Venezuela, highlighting Donald Trump's oil dealings and China's significant gains under Nicolรกs Maduro's regime.
Venezuela: The country with the largest oil wealth in the world at the center of a global crisis
Venezuela, rich in natural resources including the world's largest oil reserves, is currently in the global spotlight due to the kidnapping of President Nicolรกs Maduro by the U.S.
Trump presses top oil executives to invest in Venezuela's reserves
Former President Trump urges major oil executives to consider investing in Venezuela's vast oil reserves amidst ongoing geopolitical tensions.
Which countries have the largest oil reserves?
The article discusses the significance of oil reserves for countries like Venezuela, Saudi Arabia, and Iran in shaping global economic and political influence.
Why does Trump want oil prices to stabilize at $50 per barrel?
The article discusses a meeting held by the White House with U.S. oil executives to strategize the future of Venezuela's oil industry under pressure from President Trump for U.S. involvement in its vast oil reserves.
Major Oil Companies Compete to Invest in Venezuela
Global oil production and refining companies are vying for contracts to export crude oil from Venezuela, which has the largest oil reserves in the world, as the U.S. seeks to re-engage American energy firms in the Venezuelan oil sector after decades of nationalization.
Data to Understand the Oil Paradox in Venezuela and Why Trump Wants to Control It
The article explores Venezuela's significant decline in oil production despite holding the largest reserves in the world since 2010 and discusses Trump's interest in controlling these resources.
Trump calls on major oil companies to invest in Venezuela as Caracas seeks dialogue
President Trump urged major global oil companies to take advantage of Venezuela's vast crude reserves during a meeting at the White House following a military operation that resulted in the arrest of Venezuelan President Nicolas Maduro.
Trump meets with oil company executives to secure $100 billion as US forces seize another oil tanker
US President Donald Trump aims to secure $100 billion in investments from oil executives to exploit Venezuela's oil reserves, amidst ongoing seizures of oil tankers by US forces.
What do we know about Venezuelan Merey Oil? And why is it different from others?
Venezuela, despite having the largest estimated oil reserves in the world, struggles with low production due to strict US sanctions, lack of investments, and absence of modern technology in the energy sector.