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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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Zelensky Claims North Korea Sending Up To 50K Troops To Russia, Presses Seoul To Send Missiles
Zelensky Claims North Korea Sending Up To 50K Troops To Russia, Presses Seoul To Send Missiles
Ukraine's President Zelensky has in fresh remarks warned North Korea against its deepening involvement with Russian in executing the war against Ukraine.
Zelensky's late Monday words alleged that Russia recently received additional ballistic missiles from Pyongyang and is preparing to deploy more North Korean troops, after already sending thousands to fight on the Russian side.
KCNA via KNS
While reports from the last couple years have estimated that North Korea has maintained up to around 10,000 troops in...
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