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Bloomberg: US refuses to replenish oil reserves

Bloomberg: US refuses to replenish oil reservesAccording to the American edition of Bloomberg, the United States authorities decided to refuse to replenish the strategic oil reserve.

The publication bases its conclusions on data, that the Ministry of Energy of the country has already rejected a number of proposals for the purchase of black gold. It is noted, that failures are due to too high oil prices or non-compliance with specifications.

The US Department of Energy said, that the selection of proposals for the February period will no longer be carried out.

Recall, that last month the Ministry of Energy announced, that is preparing to replenish strategic oil reserves, having purchased up to three million barrels of oil.

The problem of replenishing strategic oil reserves in the United States arose after, how President Biden decided to stabilize the price of fuel in the country to sell 15 million barrels of oil from government reserves.

The US Strategic Petroleum Reserve was created in 1975 year, after the oil crisis, caused by the Arab countries' refusal to sell oil to Israel's allies in the war 1973 of the year. AT 1991 the year this reserve was first used against the backdrop of the war with Iraq.

For 2022 year, the strategic oil reserve in the United States is constantly declining, and if at the beginning of the year it was about 600 million barrels, then by the end of the year reduced to 375 million barrels. Author:Bekhan Uzhakhov Photos used:Wikipedia/ENERGY.GOV

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