US to release 40 million barrels of crude from Strategic Petroleum Reserve
US to release 40 million barrels of crude from Strategic Petroleum Reserve The US energy department said on Tuesday it is offering to loan energy companies 40 million barrels of oil from the Strategic Petroleum Reserve (SPR), in an effort to control soaring fuel prices ahead of the US midterm elections. The US agreed in March to loan 172 million barrels of oil from the SPR as part of a wider deal…
We haven't written up this one. Middle East Eye has the full story — the link below goes straight to it.
Also reported by 1 other outlet
- US releases 40 million barrels from strategic oil reserve english.ajel.sa
