All posts tagged: strategic petroleum reserve

‘If They Rise, They Rise’ Amid Iran War

‘If They Rise, They Rise’ Amid Iran War

The San Francisco-Oakland Bay Bridge stands behind the gasoline price board of a gas station in San Francisco, Thursday, March 5, 2026. (AP Photo/Jeff Chiu) US President Donald Trump said he is not worried about rising petrol prices in the United States during the ongoing conflict involving Iran, saying the military campaign remains his main focus, according to Reuters. In an interview with Reuters, Trump said the increase in fuel prices linked to tensions in the Middle East was not his immediate concern and expected prices to fall once the conflict ends. “I don’t have any concern about it,” Trump said when asked about higher prices at petrol stations. “They’ll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit,” he told Reuters. Why are gas prices rising? Global oil prices have increased since the conflict began, raising concerns about supply disruptions in the Middle East. The region is a major source of oil exports, and tensions …

Oil Minister Puri| India News

Oil Minister Puri| India News

New Delhi, India’s strategic petroleum reserve can last 74 days to meet the demand arising out of any global turbulence, Oil Minister Hardeep Singh Puri informed the Rajya Sabha on Monday. India’s petroleum reserves can last 74 days in case of global turbulence: Oil Minister Puri Replying to supplementaries during Question Hour, the minister said for any country like India, which is growing at a phenomenal pace, there must be a very viable and secure reserve, so that it is not in a vulnerable situation in the case of global turbulence. He said India has several refineries both in the West coast as well as the East. “According to the International Energy Agency , today we are the world’s third largest consumer of crude oil. We have the world’s fourth largest refining capacity – currently around 260 million metric tonne per annum going on to 320 million metric tonne per annum. And, we are also the world’s fifth largest exporter of petroleum products. “The strategic petroleum reserve is designed to ensure that in case of …