
AI-generated summary
Since launching an attack on Iran in late February, the United States has withdrawn 132 million barrels of crude oil from the Strategic Petroleum Reserve, bringing reserves to the lowest level since 1982.
(Central News Agency, Washington, 10th) The United States today approved the release of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve to deal with oil supply disruptions in the Southeast caused by Hurricane Isaias.
Agence France-Presse reported that U.S. Energy Secretary Chris Wright said in a statement that under this "emergency exchange" measure, ExxonMobil and BP's U.S. subsidiary could each receive up to 2 million barrels of crude oil to help maintain refinery operations.
The Energy Department said the two oil giants must return crude oil to the Strategic Petroleum Reserve (SPR) in 2027, and the amount returned must be higher than the borrowed amount as additional "interest in kind."
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Hurricane Isaias made landfall in Florida as a Category 2 hurricane on the 9th, severely affecting oil production along the Gulf of Mexico coast.
Since the United States and Israel launched an attack on Iran in late February, the United States has withdrawn 132 million barrels from the original 415 million barrels of strategic oil reserves, and the current reserve has dropped to the lowest level since 1982. Washington has pledged to release a total of 172 million barrels of crude oil in phases. (Compiled by: Shi Shi) 1151011
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AI outlook — possibilities, not facts
The United States will release a total of 172 million barrels of crude oil in phases to replenish the strategic petroleum reserve
Very likely · Within months

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US President Trump announced the temporary lifting of sanctions on Russian fuel to curb oil prices. The Australian government stated on the 10th that it would not follow suit. Climate Change and Energy Minister Bowen emphasized that Australia does not need Russian fuel and is not willing to allow Putin to profit from the war in the Middle East.

Taiwan's China Petroleum Corporation announced that starting from next Monday (12th), gasoline and diesel prices will remain unchanged. Although international oil prices have risen due to the situation in the Middle East and the impact of hurricanes in the United States, in order to stabilize domestic prices and take care of people's livelihood, CNPC continues to implement the stabilization mechanism and expand absorption.

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