Spain approves release of up to 11.5 million barrels of oil reserves
Published on March 17, 2026.
Spain has approved the release of up to 11.5 million barrels of oil reserves over 90 days to counter shortages caused by the partial closure of the Strait of Hormuz. The release aligns with the International Energy Agency's plans to free up to 400 million barrels. The first phase of the release will occur within 15 days.
Related Articles
US pending home sales unexpectedly rebound in February on lower mortgage rates
US pending home sales rebounded 1.8% in February due to lower mortgage rates, but regional variations remain challenging, with higher oil prices impacting sales.
Apartment concessions hit highest level in over a decade
Apartment concessions hit a decade high in January due to high supply and weakening renter demand, with landlords offering higher discounts amid declining rents and job market challenges.
Lori Feldman, Former Top Marketing Exec at Warner and Wasserman, Launches Redefine Music Advisors Consultancy
Lori Feldman, a former top marketing officer at Warner and Wasserman, has launched Redefine Music Advisors to support music companies and brands in the face of increasing competition.