Tag: Reserve
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America aims to buy 12 million barrels to fill the strategic oil reserve
US President Joe Biden’s administration intends to buy back more than 12 million barrels to fill the strategic oil reserve, which recorded a noticeable decline after Washington released millions of barrels last year to counter the sharp rise in oil prices against the backdrop of the Russian-Ukrainian war. The Biden administration aims to buy back…
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Oil prices are falling, supported by the announcement of the launch of the US Strategic Reserve
Oil prices fell globally, today, Tuesday, February 14 (2023), after the US government announced its intention to release more of its strategic reserve stock, as mandated by lawmakers. This announcement by the US government came to challenge the expectations of some traders, who excluded this launch from the strategic reserve, or at least the possibility…
