Over 5 million barrels of oil from the US reserve were sent overseas in June, Reuters reported.
Over 5 million barrels of oil from the US reserve were sent overseas in June, Reuters reported.
The Biden administration has been tapping the reserve to try to bring down fuel prices.
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.
The exports follow similar shipments in April, when ships went to Europe to replace Russian oil.
Among the shipments were two cargo ships carrying 560,000 barrels each from Atlantic Trading & Marketing, part of France's
Among the shipments were two cargo ships carrying 560,000 barrels each from Atlantic Trading & Marketing, part of France's
The exports follow similar shipments of Strategic Petroleum Reserve crude in April,
The exports follow similar shipments of Strategic Petroleum Reserve crude in April,
While gas prices typically follow oil prices, which are set by global markets,
While gas prices typically follow oil prices, which are set by global markets,
US refineries have been a key bottleneck.
US refineries have been a key bottleneck.
The Biden administration has been releasing oil from the Strategic Petroleum Reserve to try to lower fuel prices.
The Biden administration has been releasing oil from the Strategic Petroleum Reserve to try to lower fuel prices.