Facing maple syrup shortages, Canada taps its strategic reserves

Facing maple syrup shortages, Canada taps its strategic reserves

The Quebec Maple Syrup Producers, a leading trade group, said it is releasing roughly 50 million pounds from its strategic maple syrup reserves, almost half of the stockpile, Bloomberg first reported. The government-supported organization, which is often called the OPEC of maple syrup, uses its reserves to control syrup prices and supply. As of 2020, … Read more

U.S., other nations will tap strategic petroleum reserves as gas prices hover around 7-year high

U.S., other nations will tap strategic petroleum reserves as gas prices hover around 7-year high

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021’s rapid rise in fuel prices.The coordinated release between the U.S., India, China, Japan, Republic of Korea and the United Kingdom is the first such move of its kind.In total … Read more

Japan working on release of oil reserves after U.S. request – sources

Japan working on release of oil reserves after U.S. request - sources

A branch of Cosmo Energy Holdings’ Cosmo Oil service station is seen in Tokyo, Japan, December 17, 2015. Picture taken December 17, 2015. REUTERS/Yuya Shino/File PhotoRegister now for FREE unlimited access to reuters.comRegisterTOKYO, Nov 22 (Reuters) – Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in … Read more

Oil prices off 7-week lows but under pressure as release of reserves eyed By Reuters

Oil prices off 7-week lows but under pressure as release of reserves eyed By Reuters

© Reuters. FILE PHOTO: A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins By Florence Tan and Naveen Thukral SINGAPORE (Reuters) -Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it … Read more