November 30, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Britain to allow 1.5 million barrel private sector oil reserve release

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, Britain to allow 1.5 million barrel private sector oil reserve release, The World Live Breaking News Coverage & Updates IN ENGLISH
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, Britain to allow 1.5 million barrel private sector oil reserve release, The World Live Breaking News Coverage & Updates IN ENGLISH
, Britain to allow 1.5 million barrel private sector oil reserve release, The World Live Breaking News Coverage & Updates IN ENGLISH

LONDON: Britain will allow privately-held oil reserves to be released voluntarily in response to a global stockpile release effort led by the United States, a UK government spokesperson said in an emailed statement on Tuesday.
“If all companies chose to use this flexibility, it would release the equivalent of 1.5 million barrels of oil,” the spokesperson said.
“This does not impact UK oil reserves, which are significantly above the 90 days required by the (International Energy Agency).”

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