US strategic oil reserves going abroad – Reuters ...News

Millions of barrels released to lower domestic fuel prices were exported in June, according to media reports The US exported a large amount of crude oil last month that had been released from the country’s emergency reserves in an attempt to lower fuel prices at home, Reuters reported on Wednesday. Five million barrels were shipped to Europe and Asia in June, according to Reuters data and sources, to destinations in Italy, France, the Netherlands, India and China. Similar shipments were also reported in April and May. On March 31, President Joe Biden authorized the release of 1 million barrels of crude per day for

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