The Kremlin said on Tuesday that Russia remains committed to its commitments in OPEC + and that President Vladimir Putin has no plans to contact his country’s partners. in this group, despite rumors of major consumer countries using its strategic oil reserves.
A source familiar with US President Joe Biden’s administration said the US is expected to announce the release of crude oil from its emergency storage on Tuesday as part of a plan reached with energy consumers. Key Asians to cut energy prices, according to “Reuters”.
According to Bloomberg, Washington is expected to withdraw 35 million barrels from its reserves after asking other consuming countries to take the same step.
So far, Japan, India and South Korea have announced plans to reduce their strategic reserves to counter the rise in prices, while China has indicated similar moves.
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