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2819 results for "oil reserves"
In the largest coordinated release ever, 32 countries are tapping their emergency oil reserves to prevent shortages and price spikes. The Netherlands is contributing 5.4 million barrels as part of this global effort to keep energy flowing.
Guatemala chose wildlife over oil, shutting down a 7,000-acre oil field to protect one of the world's most important rainforest reserves. The land will now serve as a military base to stop illegal logging and cattle ranching in the Mayan Biosphere Reserve.
After years of waiting, Somalia is preparing to explore its offshore oil and gas reserves with the arrival of a Turkish drilling vessel on April 9. The historic moment could transform the nation's economic future.
Nigerian President Bola Tinubu just ordered all oil and gas revenues to flow directly into public accounts, ending a system where state oil companies kept billions for themselves. The sweeping reform aims to ease budget pressures across federal, state, and local governments.
Japan is betting big on electric vehicles to break free from Middle East oil dependence that costs $57.7 million daily. After supply disruptions closed the Strait of Hormuz, the nation found a smarter solution than searching for new oil sources. ##
Nigeria's crude oil production soared from 1.5 million to 2.2 million barrels per day in 2025, thanks to a military crackdown that achieved zero pipeline attacks. The turnaround marks a dramatic shift for a nation that has battled oil theft for decades.
Workers at Nigeria's largest independent oil producer returned to work after the company committed to wage negotiations. The quick resolution avoids production disruptions as Nigeria works to boost oil output.
The United Arab Emirates is leaving OPEC next month after nearly six decades, freeing itself to produce more oil and potentially lower global energy prices. The move could reshape Middle East oil markets and bring relief to consumers worldwide.
The United Arab Emirates is breaking free from OPEC after 58 years, a move that could mean more oil supply and relief for consumers worldwide. The exit weakens the oil cartel's grip on global prices and signals a new era of energy independence.
A Nigerian security firm has arrested 586 people for stealing crude oil and secured 28 convictions, breaking a cycle where prosecutions were almost impossible. The crackdown shows the legal system can hold oil thieves accountable in the Niger Delta.
Yale scientists discovered that omega-3 fats from fish oil slowed pancreatic cancer by 50% in mice, while olive oil's main fat unexpectedly sped up tumors. The breakthrough suggests prevention may hinge on choosing the right fats, not just eating less.
Nigeria's Navy just shut down a rebuilt illegal oil refinery and caught thieves red-handed at a major port, protecting the country's resources and economy. These back-to-back wins show determined efforts to stop oil theft are working.
Nigeria's Navy dismantled 12 illegal oil refineries and recovered over half a million liters of stolen crude in just three months. The crackdown arrested 18 suspects and destroyed infrastructure fueling oil theft across the Niger Delta.
Global oil prices fell sharply Wednesday as a two-week ceasefire between the US, Israel, and Iran eased fears of supply disruptions. The deal reopens a critical shipping route that carries 20% of the world's oil.
Uganda's emerging oil industry has created 81,000 jobs and attracted over $2.3 billion in investment as the nation approaches 99% readiness for first oil production. The development marks a major economic milestone for East Africa.
Electric vehicles worldwide prevented the use of 2.3 million barrels of oil every single day last year, saving countries billions while protecting wallets from fuel price swings. The shift is accelerating so fast that by 2030, daily oil savings could more than double.
After witnessing environmental devastation during her dream internship at ExxonMobil, Amara Uyanna convinced Al Jazeera to create a virtual reality film showing the world what oil spills really do to Nigerian communities. Her documentary "Oil in Our Creeks" brought global audiences face-to-face with a 16-year-old girl's decade-long fight for justice after a pipeline burst destroyed her hometown.
Raju Maurya turned a government loan into a thriving cold-pressed oil business in rural Uttar Pradesh, serving farmers across 15 villages. His commitment to pure, quality oil has built trust and steady income where uncertainty once ruled.
The Nigerian Navy dismantled an illegal refinery in Rivers State and recovered over 20,000 liters of stolen crude oil. The operation marks another win in protecting Nigeria's oil resources and supporting economic growth.
Australia is preparing to double its emergency fuel supply to 60 days, ensuring the nation can withstand global oil crises. The $800 million plan would add over 1 billion litres of storage for petrol, diesel, and jet fuel.
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