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Crude stocks in the US Strategic Petroleum Reserve fall to the lowest level in 35 years

2022-06-08T15:59:24.303Z

New York, SANA- The US Energy Information Administration said today that crude oil reserves in the...



New York-Sana

The US Energy Information Administration said today that crude oil stocks in the US Strategic Petroleum Reserve recorded a record drop of 7.3 million barrels last week.

Reuters quoted the government agency as saying: The crude stock in the petroleum reserve fell to 519.3 million barrels, the lowest level since March 1987.

Media sources revealed that the United States and Europe sending oil and financial aid packages to Ukraine caused a significant drop in those countries' oil stocks, which could cause suffering in the near future.

Earlier, US President Joe Biden indicated that the withdrawal from the strategic oil reserves of more than 30 countries, with a value of more than 240 million barrels, is the largest in history.

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Source: sena

All business articles on 2022-06-08

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