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The US will release another 13.4 million barrels of oil from strategic reserves


January, 26 2022

The US Department of Energy has announced plans to release an additional 13.4 million barrels of oil from the country's strategic reserves. The release of reserves will be distributed among seven companies: Shell will buy 4.2 million barrels, Trafigura – 3 million, Phillips 66 Company – 2.3 million, Macquarie Commodities Trading – 2 million, Chevron – 0.885 million, ExxonMobil – 0.515 million and BP Products North America – 0.5 million barrels.Recall that US President Joe Biden in November ... Read More

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