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The Next Oil Rally Could Be Driven By Stockpile Refilling
The Next Oil Rally Could Be Driven By Stockpile Refilling
Authored by Irina Slav via OilPrice.com,
The Middle East conflict has disrupted more than 1 billion barrels of oil supply, but China's massive strategic crude stockpile helped offset the shock by sharply reducing imports, preventing oil prices from surging even higher.
Countries are now racing to build or replenish strategic petroleum reserves, with the IEA planning to refill the 400 million barrels it released during the crisis and major importers like India looking to expand their emergency stockpiles.
This wave of reserve rebuilding...
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Aug 13, 2026 / Tyler Durden
Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1
Norway $2.3 Trillion Wealth Fund Posts Record-High Profit in H1
By Michael Kern of OilPrice.com
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, posted a record-high profit of $185 billion for the first half of 2026, as Asian technology stocks boosted its returns and profit on the portfolio.
Norway’s Government Pension Fund Global (GPFG), which is commonly referred to as 'Norway's oil fund' because it was created with oil and gas revenues, is a shareholder in many large companies in the world, with more than half of the...
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Sep 1, 2026 / Dave DeCamp
US Strike Hits Wedding in Southern Iran, Killing at Least Five People: Deputy Governor
A US strike in southern Iran on Tuesday hit a residential building where a wedding reception was taking place, according to local Iranian officials and the Iranian Red Crescent. Ahmad Nafisi, the deputy governor of Iran’s Hormozgan Province, told Iranian media the strike hit a home in the city of Kuhestak in Hormozgan’s Sirik county […]
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Jul 5, 2026 / Kyle Anzalone
Trump Holds Calls with Putin, Zelensky
President Donald Trump held separate calls with Presidents Vladimir Putin and Volodymyr Zelensky on Sunday. Trump pledged to bring the war in Ukraine to an end, but has not made progress on bringing Zelensky and Putin to the table. Kremlin aide Yury Ushakov stated Putin initiated the call to Trump to congratulate the American President […]
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