After consultation with allies and partners, US President Joe Biden announced on March 31 the largest release of oil reserves in history, putting one million additional barrels on the market per day on average – every day – for the next six months – to serve as a bridge to greater supply in the months ahead.

“The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per day rate for this length of time. This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up,” the White House said in a press release.

Διαβάστε ακόμα