The US Department of Energy will release 50 million barrels of oil from the strategic reserve to the market to compensate for fuel shortages and lower prices for Americans (which will affect the rest of the world), the White House said in a statement..

32 million barrels will be released to the market for exchange, so that in a few years this oil will return to reserve. 18 million barrels, previously sanctioned by Congress, to be sold at an accelerated rate in a few months.

At the same time, the White House notes that the United States continues to work with alternative sources to reduce the amount of industrial emissions to zero by 2050 and reduce the economy's dependence on fossil fuels..

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The European Commission predicted the dynamics of gas and naphtha prices for 2021-2022.

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In addition to the United States, China, India, Japan, South Korea and the United Kingdom promise to use strategic reserves..

Biden emphasize that after it became known about the intentions of the world's largest economies to use reserve oil reserves, prices for this product fell by almost 10 percent..

A day ago, when it was not yet known whether the United States was using its strategic reserves, the White House hinted to OPEC countries about the need to increase oil production..