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Trump Calls for Release of 100 Million More Barrels of Oil to the Market

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Trump called for an additional 100 million barrels of oil to be released onto the market

News sources reported that the U.S. government is not satisfied with the emergency release of oil reserves and has asked member countries of the International Energy Agency to consider releasing more oil onto the market. According to these reports, a proposal to release an additional 100 million barrels of oil has been put forward.

Last Friday, the Group of Seven announced the release of 100 million barrels of oil and diesel. However, according to a JPMorgan report, the majority of this amount relates to previous commitments by countries to release reserves and does not constitute new resources.

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