US President Joe Biden has ordered large oil deliveries from US stocks to keep oil prices high.
Oil spills of up to 180 million barrels per month are the largest since the reserves were created in 1974.
Oil prices fall on warnings of measures to reduce the shortfall caused by the war in Ukraine.
But analysts say releasing up to 1 million units a day won't solve the energy problem.
Former Vice President Biden said the announcement "will fill the gap until the end of the year when domestic production increases," and promised to take further steps to boost product development in United States. He called for investments to buy green electricity and pay more if companies decide not to use oil on land leased by the government.
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According to Biden, U.S. West Texas Intermediate oil fell more than 7% to $100 a barrel, while Brent crude fell 5.4% to $107 a barrel.
Rising oil prices have become a major issue in international politics, including in the United States, which held elections in mid-November.
Previous Vice President Biden said the emissions measurement of oil industry proposals (combined global usage, less than two days) was “unprecedented.”
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- The United States filtered in the United States after the 1970 electricity.
- The Texas and the Gulf of Louisiana Louisiana on the coast of Sel Dome is in the cave.
- He took place on the barrel of about 568 m at the latest on February 25, 2009 at 25.
- Global international work must consume more than 100 meters from this year's line in oil and gas.
Thursday announced to talk to us in six months. Biden tried to attract our petroleum with salt.
However, additional resources will not pay the loss in Russia, the second largest oil in the world after Saudi Arabia.
"While stock releases will help to keep a lid on prices in the short term, we think it will take an increase in global production to spark a sustained fall in prices," said Edward Gardner, commodities economist at Capital Economics.
Brent Gasolin - International for Oil Costs - Russian Acts of Ukraine and the United States and $ 139 for the month.
Since then, the power value does not fall back, but the oil is 70% above the previous year.
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This makes the point: President Biden is releasing unprecedented oil from the conservation program. But in fact, it only provides a temporary solution to a global shortfall. So why bother with the White House?
At the national level, the president suffered a lot. November was a midterm election and the Democrats secured a very narrow majority to hold them. Rising inflation is already a problem, and Republicans are holding the White House, especially Biden, responsible for keeping prices high.
Falling oil prices only add to the misery of the average American. And it never matched the heart of President "Joe of Scranton."
The coronavirus resolution was measured before Russia's impact on Ukraine boosted international demand as the economy began to reopen.
But fears over shipping problems have grown, with warnings that the war in Ukraine could cut Russia's oil exports to 3 million barrels a day. In most of the developed countries, the maximum power is at its maximum capacity or refuses to produce.
On Thursday, the Organization of Exporting Countries (OPEC) and its allies, including Russia, confirmed that they had complied with an existing agreement to gradually increase production.
This decision was taken despite pressure from the United States, United Kingdom and other countries to increase the production of the oil production group.
“Endorsement of need indicates a fair economy,” the group said.
"Current changes do not come from scratch, but from ongoing geopolitical developments."
The International Energy Agency (IEA) has called an emergency meeting, but it is uncertain whether other countries, including the UK, France, Germany and Japan, will follow suit. not. Former Vice President Joe Biden said he was working with Western countries on storage and expects to release an additional $30-50 million.
Also on Thursday, Japan said it would work to secure supplies of seven chemical weapons it heavily relies on from Russia or Ukraine as war and the sanctions order disrupt delivery.
The country's trade regulator said the measures include government support to boost home manufacturing, other purchasing and the development of technology to reduce the consumption of equipment, including liquefied petroleum gas and fuel used. to make computers.
(Source:// BBC)