PNN – The U.S. Department of Energy acknowledged that U.S. strategic oil reserves fell to 283.8 million barrels in the week ending September 25—the lowest level since October 1982.
According to the report of Pakistan News Network citing Reuters; the U.S. Department of Energy acknowledged in a statement on Monday that the country’s strategic oil reserves have dropped to their lowest level since October 1982.
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According to the media outlet, the U.S. Department of Energy announced that U.S. strategic oil reserves fell to 283.8 million barrels in the week ending September 25—the lowest level since October 1982.
The Department of Energy added in its statement that these drawdowns are part of a U.S. agreement to release 172 million barrels of oil from these facilities.