UK allows release of 1.5 million barrels of private sector oil reserves – Times of India

London: Britain will allow privately held oil reserves a. to be released voluntarily in response to global reserves release attempt led by United States of america, a UK government spokesman said in an emailed statement on Tuesday.
“If all companies chose to use this flexibility, it would issue the equivalent of 1.5 million barrels of oil,” the spokesperson said.
“It does not affect UK oil reserves, which are significantly more than the required 90 days (international energy agency,

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