US to release 172m barrels of oil from strategic petroleum reserve

Source: US news | The Guardian · Bias: Center Left

Summary

Energy secretary says move is part of broader release as oil prices soar due to supply shocks from US-Israel war on IranThe United States will release 172m barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the US-Israeli war with Iran, US energy secretary Chris Wright said on Wednesday.Wright said the release is part of a broader release of 400m barrels of oil agreed to by the 32-country International Energy Agency earlier in the day. Continue reading...

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US to release 172m barrels of oil from strategic petroleum reserve
US news | The Guardian

US to release 172m barrels of oil from strategic petroleum reserve

Center Left

Energy secretary says move is part of broader release as oil prices soar due to supply shocks from US-Israel war on IranThe United States will release 172m barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the US-Israeli war with Iran, US energy secretary Chris Wright said on Wednesday.Wright said the release is part of a broader release of 400m barrels of oil agreed to by the 32-country International Energy Agency earlier in the day. Continue reading...