• Tuesday, Dec 07, 2021
  • Last Update : 04:27 am

US trying to persuade Russia to raise oil output to cool prices

  • Published at 06:59 pm November 25th, 2021
us-oil-storage-tank
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016 Reuters

The White House on Tuesday said the United States would release 50 million barrels of crude from the US Strategic Petroleum Reserve to help cool oil prices

The United States is trying to persuade Russia to raise oil output in an effort to lower global prices, the Interfax news agency cited Russia’s foreign ministry as saying on Thursday.

The White House on Tuesday said the United States would release 50 million barrels of crude from the US Strategic Petroleum Reserve to help cool oil prices, which will start hitting the market in mid-to late-December.

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