The United States and allies will be releasing 60 million barrels ... have agreed to the release from emergency reserves to send a “strong message to global oil markets that there will be ...

Last November, the United States announced a release of 50 million barrels from the U.S. Strategic Petroleum Reserve, a move it said was made in concert with oil-consuming nations including China ...

He tried but ran out of funding after purchasing about 60 million ... the US has dipped into its oil reserve only a handful of times. In 2017, the Energy Department authorized the release of ...

AT A GLANCE • The Middle East oil embargo of 1973 spurred the creation of the Strategic Petroleum Reserve, or SPR, to safeguard U.S. national ... the excess release of 50 million barrels of ...

In addition, there are low oil reserves in the U.S., adds Anindya Banerjee. In the past week, U.S. crude oil reserves fell by 1.96 million barrels ... militants are to release 33 hostages taken ...

The actions show that oil remains a vulnerability for the U.S. Higher prices have ... countries agreed to an additional release of 60 million barrels from reserves, with half of the total coming ...

The United States established its Strategic Petroleum Reserve (SPR ... of the United States has the authority to order the release of SPR oil in response to energy supply emergencies or to ...