Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, March 12 (Xinhua) — The United States announced on Wednesday the release of 172 million barrels of oil from its Strategic Petroleum Reserve.
“Today, the 32 member countries of the International Energy Agency unanimously agreed to President Trump’s request to lower energy prices through a coordinated release of 400 million barrels of oil and petroleum products from their reserves,” said U.S. Energy Secretary Chris Wright.
"As part of this effort, President Trump has authorized the Department of Energy to release 172 million barrels from the Strategic Petroleum Reserve beginning next week," Wright said, adding that delivery of the energy will take "approximately 120 days."
According to him, the reserve will be replenished by approximately 200 million barrels of oil over the next year. –0–
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