News@lemmy.world · 14 days ago

US to release 172 million barrels of oil from strategic reserve to combat energy price hike

www.politico.com

US to release 172 million barrels of oil from strategic reserve to combat energy price hike

www.politico.com

ButtermilkBiscuit@feddit.nl to

News@lemmy.world · 14 days ago

The Trump administration move is in conjunction with the International Energy Agency action and comes as shipments from the Persian Gulf remain constrained.

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12 days ago
For a sense of scale:

The US uses 20.1m barrels of crude oil per day.

About 20m barrels of crude go through the strait of Hormuz every day.

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