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Wednesday
04
Nov 2026
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Europe releases 42 million barrels of oil to curb prices, with diesel in focus

Strategic reserves will be released on a large scale over the next three months, while France is moving immediately to supply 10 million barrels of diesel, aiming to cut prices by up to 18 cents per litre

Over 400 million barrels of oil reserves released to the market by the International Energy Agency

Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from other sources

“Countless” Barrels of Toxic Waste found in Ocean near Los Angeles

They were dumped there in the 1940s

Greece: The third oil deposit in the history of the country is in production (maps)

Energean has successfully completed the EA-H3 horizontal drilling, which produces more than 1.000 barrels of oil daily