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Despite the sharp drop in crude oil prices caused by the new strain, the United States will continue to move forward with its plan
to release 50 million barrels of oil from the Strategic Petroleum Reserve.
White House press secretary Jen Psaki told reporters at a news conference on Monday: "We will not reconsider
.
Also on Monday, Amos Hochstein, a senior adviser to the U.
S.
State Department, told the media that the government is ready to release more crude from the reserve if needed; "We want to do something that has an impact on the market and also has the ability and flexibility to allow us to do it again
," he said.
”
The Biden administration last week announced the use of the National Strategic Petroleum Reserve as part of
an unprecedented coordinated effort by the world's largest oil consumer to curb high oil prices.
On Thursday, OPEC+ will hold a ministerial meeting of oil producers to discuss the reaction to the
latest heterogeneous Omicron.
