BUSINESSNY POST
US oil reserve at half its normal levels, facing operational failure: bombshell watchdog warning
The US oil reserve is at half its normal levels and facing operational failure, according to a watchdog warning. A release of 172 million barrels in March aimed to ease domestic gas prices that spiked after the war with Iran began.
Related Signal
Adjacent reporting
- Global oil reserves deplete at record pace, IEA warns
- America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
- The U.S. strategic petroleum reserve is so low it’s near panic levels
- 2M barrels of oil per day is escaping the Strait of Hormuz, experts say: ‘Things are going to get worse’
- Why June Is the Oil Market’s Point of No Return