US to lend 40m barrel oil from strategic reserve as Ukraine war strains supply
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
The United States has proposed a loan of 40 million barrels of oil from its Strategic Petroleum Reserve to energy companies. This initiative is designed to counteract rising oil prices, which have been significantly impacted by the conflicts in Ukraine and Iran. As Indian refiner...
The United States has proposed a loan of 40 million barrels of oil from its Strategic Petroleum Reserve to energy companies. This initiative is designed to counteract rising oil prices, which have been significantly impacted by the conflicts in Ukraine and Iran. As Indian refiners brace for a decline in Russian oil supplies, competition with China is pushing them toward pricier oil options.
Original Source
https://timesofindia.indiatimes.com/world/us/us-to-lend-40-million-barrel-oil-from-strategic-reserve-as-ukraine-war-strains-global-supply/articleshow/134569336.cms
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