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US to sell 45million barrels oil from reserve

· 2 min read · 336 views

KABUL (Pajhwok): The United States is selling up to 45 million barrels of oil from the Strategic Petroleum Reserves as part of the Biden Administration previously announced largest ever release.

The US Department of Energy on Tuesday said the deliveries of crude from the SPR sale would take place from August 16 through September 30, Reuters reported.

In March, the Biden administration said it would release a record of one million barrels of oil per day for six months from SPR.

The aim of the release would be to help control oil prices that spiked after Russia – one of the . . .

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