The US administration is looking for ways to stem the rise in oil prices, including exploring the possibility of releasing additional crude oil stocks from strategic reserves. This has been reported Bloomberg with reference to sources.
The administration expects prices to rise in December this year, when EU sanctions on supplies from Russia go into effect if steps are not taken to prevent such a scenario.
“Negotiations are at the preliminary stage and no decision has yet been made,” the sources said. said.
At the same time, the agency states that the reality of such discussions “shows that the United States fears that the sanctions could lead to a new crisis in world oil prices.”
The decision to release the strategic national oil reserve can be implemented in November, December or January. How much oil can be used has not yet been specified.
A White House spokesperson told the agency that additional volumes of reserve oil are not being considered at this time.
According to the U.S. Department of Energy, U.S. strategic oil reserves during August 13-19. decreased It rose 8.1 million barrels to 453.1 million barrels, reaching the lowest levels since January 1985.
Brian Deese, Chairman of the White House National Economic Council, said at the end of July. statedHe said the US administration would not sell oil from its strategic reserve after the six-month deadline set in March set by President Joe Biden.