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US asks Asia's largest economies to consider releasing oil reserves: report

The Biden administration has asked some of the world's largest oil consuming nations to consider releasing some of their crude reserves in a coordinated effort to lower prices and stimulate the economic recovery, according to several people familiar with the matter. Global oil prices touched seven-year highs in late
2 months ago|Washington, United States

BIAS COVERAGE DISTRIBUTION

15 of these news sources are bias rated
7 lean RIGHT
13%
C 43%
R 44%
Hindustan Times
South China Morning Post
Reuters
RTÉ
The Hill
Al Jazeera
+3
Financial Post
Russia Today
Al Arabiya
Business Standard
+1
OAN
The Daily Caller
Fox News
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Yahoo News
Yahoo News

Asia looks to release oil reserves after U.S. request

The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices. The U.S. move reflects frustration with the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia who have rebuffed Washington's requests to speed up oil production as the world economy rebounds from the…

2 months ago|Los Angeles, United States
Reuters
ReutersC

China is working toward the release of oil reserves = authorities

[Beijing, 18th Reuters] --A spokesman for China's State Administration of Grain and Food and Stockpiling said on the 18th, "We are working toward the release of oil reserves." He declined to comment on whether it was related to the release request to the US oil consuming countries. "Details will be announced on the website," the spokesman told Reuters. China is the world's largest oil importer. The strategic petroleum reserve was released for th…

2 months ago|United Kingdom
Hindustan Times
Hindustan Times L

Oil near 6-week low as China readies crude reserve release

The bid by the US to cool markets, asking China to join a coordinated action for the first time, comes as inflationary pressures - partly driven by surging energy prices - start to produce a political backlash.

2 months ago|New Delhi, India
South China Morning Post
South China Morning PostL

US asks China to release oil reserves as part of economic cooperation

The United States has asked China to release oil reserves to help stabilise soaring international crude oil prices as part of ongoing discussions on economic cooperation between the two countries.The US wants China to join the US in releasing crude oil reserves and the issue was raised during the virtual meeting between Chinese President Xi Jinping and US President Joe Biden on Tuesday, according to a person familiar with the matter.The issue wa…

2 months ago|Hong Kong
RTÉ
RTÉC

Oil falls as China readies crude oil reserve release

Oil prices slid to six-week lows today as China said it was moving to release strategic reserves after a Reuters report that the US was asking large consuming nations to consider a coordinated stockpile release to lower prices.

2 months ago|Ireland
Today
Today

S.Korea says it has received U.S. request to release oil reserves

SEOUL - South Korea has received a request from the United States to release oil reserves in response to rising oil prices, an official at South Korea's industry ministry said on Thursday.

2 months ago|Singapore
The Hill
The HillC

US asks Asia's largest economies to consider releasing oil reserves: report

The U.S. has asked Asia's largest economies to consider releasing oil reserves to combat rising energy prices, Reuters reported, citing unidentified sources.The sources told Reuters that talks are happening specifically with China, India, Japan and South Korea.One source reportedly said that 20 million to 30 million barrels of the oil held in reserves would need to be released in order to have an impact on the U.S. market.The U.S. and other...

2 months ago|Washington, United States
Financial Post
Financial PostR

S.Korea has received U.S. request to release oil reserves -S.Korean ministry

SEOUL -- South Korea has received a request from the United States to release oil reserves in response to rising oil prices, an official at South Korea's industry ministry said on Thursday. Read More

2 months ago|Canada
Russia Today
Russia TodayR

US asks China to jointly steady oil prices – report

The Biden administration has proposed the US and China jointly release oil from the two countries’ strategic reserves to stabilize rising crude prices, Chinese media reports.

2 months ago|Russian Federation
OAN
OANR

Exclusive: China reserve bureau working on crude oil release

November 18, 2021BEIJING (Reuters) – China’s state reserve bureau said on Thursday it is working on a release of crude oil reserves although it declined to comment on a U.S. request to the world’s top consuming nations to tap stockpiles to ease global energy prices.The National Food and Strategic Reserves Administration told Reuters when asked to comment on the U.S. request that it would disclose the details of the move on its website.“We ar…

2 months ago|San Diego, United States
COVERAGE DETAILS

BIAS COVERAGE DISTRIBUTION

15 of these news sources are bias rated
7 lean RIGHT
13%
C 43%
R 44%
Hindustan Times
South China Morning Post
Reuters
RTÉ
The Hill
Al Jazeera
The Japan Times
Investing.com
Financial Post
Russia Today
Al Arabiya
Business Standard
OAN
The Daily Caller
Fox News
Total News Sources22Leaning Left2 sourcesLeaning Right7 sourcesCenter6 sourcesLast Updated2 months ago
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