Yonhap Infomax NewsMar 9
Japan's Finance Minister signals G7 nations will announce coordinated strategic petroleum reserve releases and concrete energy security measures in upcoming joint statement
#YonhapInfomax #G7 #JapaneseFinanceMinister #StrategicOilReserve #JointStatement #EnergySecurity #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=108920
Japanese Finance Minister - 'G7 Joint Statement to Include Specific Measures Such as Strategic Oil Reserve Release'

Japan's Finance Minister signals G7 nations will announce coordinated strategic petroleum reserve releases and concrete energy security measures in upcoming joint statement

Yonhap Infomax
John Carlsen 🇺🇸🇳🇱🇪🇺Jul 18, 2024

@unusual_whales

"On March 31, 2022, President Joe Biden announced that his administration would release 1 million barrels of oil per day from the [Strategic Petroleum Reserve] for the next 180 days, selling it at an average price of $96 per barrel. The 2022 release became the largest ever SPR sale and lowered the SPR to its lowest levels in 40 years."

https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)

#StrategicPetroleumReserve #StrategicOilReserve

Strategic Petroleum Reserve (United States) - Wikipedia

Michael BarclayDec 17, 2022
Sell high, buy low: "The Energy Department called the purchase “a good deal for American taxpayers″ since the price will be lower than the $96 per barrel average the U.S. oil was sold for."
#biden #strategicoilreserve
https://apnews.com/article/biden-inflation-business-opec-climate-and-environment-cd15107ef2e0bb49db9165eb190b450c
US buying 3M barrels of oil to start replenishing reserves

WASHINGTON (AP) — The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year in a bid to stop gasoline prices from rising amid production cuts by OPEC and a ban on Russian oil imports.

Associated Press
CHAUNCEY I. BROWN IIISep 1, 2022
Destroying #America One Day at a Time: #StrategicOilReserve at Lowest Level in 40 Years #BidenEffect. https://chaunceyibrowniii.com/chaunceys-blog/f/strategic-oil-reserve-at-lowest-level-in-40-years