The US authorities approved the sale of 11 million barrels of oil from the strategic reserve

The US Department of Energy reported that the country's authorities approved the sale of 11 million barrels of oil from the strategic reserve in the period from October 1 to November 30 this year. The Budget Law of 2015 and the Health Act of 2016 provide for the sale of part of the fuel from the reserve. If, in view of sanctions against Iran, the supply in the market is greatly reduced, then the US authorities can put up to 30 million barrels of oil for sale. The ministry noted that by 2027 the volume of reserves could be reduced to 410 million barrels, and funds from the sale of fuel will go to the US federal budget.

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