World Affairs in Context

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World Affairs in Context
U.S. Depletes Its Strategic Oil Reserves As Saudi Arabia Cuts Oil Output To Raise Prices
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U.S. Depletes Its Strategic Oil Reserves As Saudi Arabia Cuts Oil Output To Raise Prices

Strategic Oil Reserves Are Being Sold With Proceeds Transferred To The Department Of Treasury

Lena Petrova's avatar
Lena Petrova
Sep 06, 2023
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World Affairs in Context
World Affairs in Context
U.S. Depletes Its Strategic Oil Reserves As Saudi Arabia Cuts Oil Output To Raise Prices
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On Tuesday, September 5th, Saudi Arabia announced its decision to extend its voluntary production cuts of 1 million barrels per day until the end of 2023. Oil prices are back above $85 per barrel: WT…

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