Your current location is:{Current column} >>Text
U.S. Announces Coordinated Oil Release That May Draw Ire of OPEC By Bloomberg
{Current column}2495People have watched
IntroductionU.S. Announces Coordinated Oil Release That May Draw Ire of OPEC(Bloomberg) -- The U.S. will release ...

(Bloomberg) -- The Top ten foreign exchange brokers in the worldU.S. will release 50 million barrels of crude from its Strategic Petroleum Reserve in concert with China, Japan, India and South Korea, the White House said in a statement -- an unprecedented, coordinated attempt by three of the world’s largest oil consumers to tame prices that could prompt a backlash by OPEC+.
The decision to collectively discharge stockpiled crude after OPEC+ countries rebuffed calls to significantly boost production marks a diplomatic win for the U.S. and a challenge to the grip that Saudi Arabia, Russia and other OPEC+ producers have on the market.
©2021 Bloomberg L.P.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Oil dips on recession fears, slower demand By Reuters
{Current column}By Yuka Obayashi and Jeslyn LerhSINGAPORE (Reuters) - Oil prices eased for the third straight day on ...
Read moreBai Chuang Trading Is Safe? Company Abbreviation Bai Chuang
{Current column}FTI's top 100 foreign exchange brokers can be selected by reference. If they are not within 100, ...
Read moreWall Street Opens Sharply Higher, Rebounding from Monday Rout; Dow up 410 Points By
{Current column}© Reuters By Geoffrey SmithFxgecko.com -- U.S. stock markets opened sharply higher on Tuesday, ...
Read more
Popular Articles
- U.S. crude stocks down 4M barrels last week, fuel demand mixed
- Stock Market Today: Dow Ends Lower as Wild Moves Continue; Inflation Eyed By
- Exbina Trading Is Safe? Company Abbreviation Exbina
- U.S. inflation simmers, worst of price gains likely behind By Reuters
- S&P 500 slumps as Fed rate hike fears overshadow earnings
- Russian bombing of Ukraine school kills 2, 60 feared dead
Latest articles
-
US consumer spending appears solid early in second quarter By Reuters
-
IGEX Trading Is Safe? Company Abbreviation IGEX
-
Wall Street Opens Sharply Lower as Rivian Sales Stoke Fears; Dow Down 420 Pts By
-
3 Stocks To Watch In The Coming Week: Walmart, Home Depot, Cisco Systems
-
Top 5 things to watch in markets in the week ahead By
-
Global scramble for metals thrusts Africa into mining spotlight By Reuters