US lends oil companies 45.2 mln barrels from reserve, first batch of Iran war

US lends oil companies 45.2 mln barrels from reserve, first batch of Iran war

America is releasing oil from its Strategic Petroleum Reserve to manage rising prices. The government has lent over 45 million barrels to oil companies. This move is part of an international agreement to release 400 million barrels. Companies will return the …

WASHINGTON: The Trump administration said on Friday it has lent 45.2 million barrels of crude oil from the Strategic Petroleum Reserve to oil companies, in an attempt to control prices that have spik… [+1823 chars]

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US lends oil companies 45.2 mln barrels from reserve, first batch of Iran war - FHMnews