USA for the second time in the history of open oil reserve

США во второй раз в истории откроют нефтяной запас

USA 27 years later print strategic oil reserves

In the period from 2018 to 2025, the U.S. plans to sell 58 million barrels of oil from strategic reserves.

US Department of energy is preparing to sell 11 million barrels of oil from strategic reserves. This is stated in the message Ministry.

Oil on sale from Texas and Louisiana.

Applications must be received no later than August 28. Delivery will take place in October and November.

In early 2017, the US was going to sell up to 8 million barrels of oil from strategic reserves.

Note, only in the period from 2018 to 2025, the United States intends to implement a 25 million barrels of oil from strategic reserves for three fiscal years (the United States begins October 1), starting in 2017, and 58 million barrels for eight years, starting in 2018.

On Monday evening the cost of the October futures for North sea petroleum mix of mark Brent was 0.18%, rising to 71,96 per barrel.

In July of 2015 strategic reserve amounted to 692 million barrels of commercial reserves of oil 465,8 million barrels.

Recall that oil reserves in the U.S. last week rose by 6.81 million barrels, the fastest rate since March of 2017. In addition, the reserves of oil at the terminal in Cushing where NYMEX-traded oil, increased 1.6 million barrels after declining for the previous 12 weeks.

This is the second time the US opens its oil reserves, which were created in opposition to Arab producers after the first oil crisis of 1973-74. First oil reserve was involved in 1991, during the Gulf war. Reserves of the United States are the largest in the world.

 

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