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U.S. to release 1 million bbl of oil per day from strategic reserve over next 6 months - statement

Published 03/31/2022, 11:06 AM
Updated 03/31/2022, 11:11 AM
© Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.  REUTERS/Richard Carson

WASHINGTON (Reuters) - U.S. President Joe Biden's administration on Thursday announced a plan to release 1 million barrels of oil a day from the strategic petroleum reserve over the next six months, the White House said in a statement.

Latest comments

so we use 20mil on avg higher during summer months and 1 mill is gonna make a dent in the prices for the summer ?
I didn't realize they had that much in reserves
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