US to lend 40m barrel oil from strategic reserve as Ukraine war strains supply

Times of India - Sep 29, 2026

The United States has proposed a loan of 40 million barrels of oil from its Strategic Petroleum Reserve to energy companies. This initiative is designed to counteract rising oil prices, which have been significantly impacted by the conflicts in Ukraine and Iran. As Indian refiners brace for a decline in Russian oil supplies, competition with China is pushing them toward pricier oil options.

Read full article
More News

Subscribe Now!

About Us

The Journalist Report publishes timely news updates around the clock. We have a group of journalists around the globe to deliver the latest news around so that we can get our users connected.