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Energy and Power

4 Min read

US to release emergency oil from stockpiles

Published On 23 Nov 2021 11:21 AM


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The United States is ready to announce a loan of crude oil from its emergency stockpile. The US has asked major Asian energy consumers to release crude oil from its reserve stockpile, and now this move is a part of that plan.

Highlights

  • United States announces release of crude oil from emergency stockpile
  • This is done to tame the soaring oil prices

The US came up with th....


Tags : Washington, Oil, Prices, Energy, Stockpiles, Swaps,
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