oil reserves

Shell Brasil warns that fewer oil auctions in Brazil could threaten reserves, urging the country to auction more acreage and reduce licensing red tape to sustain oil output growth.

Venezuelans in La Guaira manually search through rubble caused by two major earthquakes as government machinery remains unused due to fuel shortages. The government faces criticism for its response, including corruption allegations against officials seizing valuables from debris, while opposition leader Mara Corina Machado returns from exile to address the crisis.

America's Strategic Petroleum Reserve is at its lowest level in over 40 years, but the implications of this record drop remain uncertain.

Japan is assisting the Philippines in increasing its oil reserves due to a supply shock caused by the Iran war. The initiative aims to stabilize energy security amid regional tensions.