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U.S. Could Release Even more Oil From Strategic Stockpiles.

30 Jun 2022
U.S. Could Release Even more Oil From Strategic Stockpiles.
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The United States will reassess additional releases of crude oil from the nation's Strategic Petroleum Reserves, White House Envoy Hochstein said on Wednesday, as the Administration struggles to rein in high prices at the pump.
The Administration has already vowed to release a million barrels of crude oil from the stockpiles every day into the commercial markets. The plan, anounced at the end of March, was to ultimately release 180 million barrels over a six-month period. The plan has so far depleted the nation's emergency crude oil stockpiles 67 million barrels to 497.9 million barrels as of June 24, according to the Energy Information Administration's latest data released today—the lowest level since 1986.
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