Over 5 million barrels of US reserve oil were exported to Asia and Europe last month as domestic refineries run at full capacity, report says

Over 5 million barrels of oil from the US reserve were sent oversees in June, Reuters reported. The Biden administration has been tapping the reserve to try to bring down fuel prices. The exports follow similar shipments in April, when ships went to Europe to replace Russian oil. More than 5 million barrels of oil from the US Strategic Petroleum Reserve were exported to Asia … Continue reading Over 5 million barrels of US reserve oil were exported to Asia and Europe last month as domestic refineries run at full capacity, report says