US to release 53 million barrels from strategic oil reserve
US to release 53 million barrels from strategic oil reserve The administration of US President Donald Trump is providing 53.3 million barrels of crude oil from the US Strategic Petroleum Reserve to energy companies as part of a global effort to stabilise markets shaken by the conflict involving Iran, according to a Reuters report. The move comes amid concerns over tightening global fuel supplies and disruptions linked to tensions in the Strait of H...
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