The US is apparently in talks about tapping oil reserves.
(Photo: dpa)
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Washington According to Reuters information, the US government has spoken to important other countries about tapping parts of their respective oil reserves. Such a coordinated move would aim to push oil prices down and stimulate economic growth, said several people familiar with the matter. Accordingly, these talks have been held in recent weeks with Japan, South Korea, India and China, among others. They are not locked. There is also no final decision on whether such a step or others will affect oil prices.
The US Presidential Office did not want to comment on the content of the talks with other large energy-consuming countries, which have been repeatedly confirmed in the past. President Joe Biden had called on the production cartel Opec and allied producers such as Russia to expand their oil production more quickly.
More: The oil cartel OPEC pumps more crude oil. But that’s hardly enough to meet the growing demand. There is also no relief in sight for gasoline prices.
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