U.S. to release 50 million barrels of oil from emergency reserve - White House

U.S. to release 50 million barrels of oil from emergency reserve - White House
U.S. to release 50 million barrels of oil from emergency reserve - White House   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">WASHINGTON</span> <del>The United States will release 50 million barrels of crude from the U.S. Strategic Petroleum Reserve to help cool oil prices, that will start hitting the market in mid</del> to late-December, the White House said on Tuesday. </p> <p>The release, will take the form of a loan and a sale, and was being in made concert with other releases from strategic reserves by China, India, South Korea, Japan and Britain, senior Biden administration officials said. </p> <p>It was the first time the United States has coordinated releases with some of the world’s largest oil consumers, the officials said.</p> </div>