WASHINGTON, March 15 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * China Is Affected by the Iran Conflict in Multiple Ways * Key Takeaways 1 The conflict in Iran is affecting most parts of the world, but few as much as China. 2 While the United States reduced its dependence on Middle Eastern oil by increasing domestic production, China has increased its imports from the region, particularly from Iran. 3 China has been purchasing 90 more PR

WASHINGTON, March 15 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * Oil and Gasoline Prices Volatile Amid the Conflict with Iran * Key Takeaways 1 Oil prices climbed above $100 a barrel on March 9 and reached levels not seen in four years as the conflict in Iran forced exporting nations in the Persian Gulf to cut production. 2 The effective closure of the Strait of Hormuz due to Iranian threats has led storage facilities to reach capaci more PR

WASHINGTON, March 15 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * Saudi Arabia Moves to Fill Its East-West Pipeline to Capacity, Adding Oil Supply to Markets * Key Takeaways 1 The impact of the effective closure of the Strait of Hormuz is being offset by two east-west pipelines. 2 Saudi Aramco is ramping up its pipeline system to the Red Sea from 2.8 million barrels per day to about seven million barrels per day. 3 The U.A.E. has  more PR

WASHINGTON, March 15 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * U.S. Will Release 172 Million Barrels of Oil From the Strategic Petroleum Reserve * Key Takeaways 1 Member states of the IEA have agreed to release 400 million barrels of strategic reserves in the wake of Iran's closure and mining of the Strait of Hormuz. 2 The U.S. share will be 172 million barrels over four months, beginning next week in conjunction with other members more PR