Trump administration authorises 172 million barrel SPR drawdown as 32 IEA nations coordinate record emergency oil release
Read More 4 minute read Energy Industry News A 6M barrel surprise: Why oil prices just surged despite Ukraine peace talks Oil prices surged on August 20 after a 6M barrel U.S. crude draw surprised investors. Find out what’s fueling this rally and what could come next. byPallavi MadhirajuAugust 21, 2025