[size=45]Why is the United States sending its emergency oil reserves to China?
34 minutes ago[/size]

34 minutes ago[/size]

A report published by the American " OilPrice " website stated that the United States is currently exporting millions of barrels of oil from its emergency oil reserves to Europe and Asia, including China, America's number one geopolitical competitor, and the report criticized this policy.
The report stated that the US strategic oil reserves were exported to Europe and Asia last June, including to the largest geopolitical competitor of the United States in the global arena, even with the rise in gasoline and diesel prices in the United States to record levels.
He explained that the export of crude and non-crude oil limits the impact of US President Joe Biden's moves to reduce record consumer prices within the United States.
Unprecedented drain
The report indicated a depletion of about one million barrels per day of the strategic petroleum reserve until last October at an unprecedented pace, adding that this depletion means the decline of the SPR stocks to their lowest level since 1986.
He said that US crude futures exceeded $100 a barrel, and gasoline and diesel prices are more than $5 a gallon in a fifth of the country, noting that US officials said that oil prices may rise if the Strategic Petroleum Reserve is not exploited, saying they are right for once.
Exporting to China at the expense of the American consumer
The report pointed out that exporting oil to China, "the archenemy of the United States", helps it benefit from it now directly at the expense of American consumers as a result of Biden's escalating panic to retreat from the consequences of his disastrous policies by selling precious American assets directly to Beijing.
"But what is even more shocking is the lack of response from the White House when asked if the United States is selling its emergency stored oil reserves to China," he added.
The report stated that while the midterm elections will come and go and Democrats will suffer a historic loss, the energy picture in the United States is getting worse every minute due to the inefficiency and/or absolute corruption of the executive branch. Crude oil stocks - according to the report - are the lowest since 2004, as refineries operate. It is close to peak levels, while the utilization rate of refineries in the US Gulf Coast reached 97.9%, which is the largest percentage in 3 and a half years, and this means - according to the report - that even the smallest accident can raise oil prices to the highest possible level.
Source: Oil Price
» 1350 or 1640? Parliamentary Finance talks about news of changing the exchange rate in the budget
» Minister of Oil: We will invite international companies to rebuild the North Refinery
» Iraq.. 100 days since the Sudanese government assumed power
» Dollar prices ignore government decisions and continue to rise in Iraq
» The Governor of Diwaniyah announces the approval of the Minister of Labor to increase the number of
» Talabani On The Crisis In Baghdad And The Region: It Is No Longer In The Interest Of Any Party To De
» The House of Representatives completes the election of heads and deputies of parliamentary committee
» A leader in Al-Fateh: Internal hands want to thwart the Sudanese and the dollar crisis to "bring the
» Next Thursday.. 3 files related to Iraq will be presented to the UN Security Councilproposals from
» The Minister of Finance addresses Al-Sudani regarding the launch of real estate loans for citizens (
» The judiciary summons the Deputy Speaker of the House of Representatives for bypassing the Federal S
» Basem Khashan: The number of Sudanese advisors will reach 100 times soon..!
» Mazhar Muhammad Salih denies accusing a Kurdish politician of smuggling dollars
» A close associate of the coordination framework reveals a financial loan to Kurdistan instead of the
» Mandalawi and Alaq put the dollar on the table in Parliamen
» Parliamentary Finance resolves the controversy: The Sudanese government has no intention of reducing
» Tomorrow, Tuesday: an important meeting of the Central Bank of Iraq and expected decisions regarding
» Governor of Baghdad: He directed to establish new industrial cities in the capital
» Integrity: the overthrow of the former director of the Tax Authority, his wife, and two accused of c
» Election of Ahmed Al-Kinani and Ali Al-Hamidawi as chairpersons of the Economics and Services Commit
» The World Economic Forum appreciates the participation of the President of the Republic
» Iraq and Egypt are discussing expanding the scope of the Memorandum of Understanding signed between
» Deputy: The distribution of committees is according to the political agreement
» Deputy on the budget: its subject needs a lot of details
» Integrity reveals a “qualitative process”: it toppled heads and seized large sums of money
» Parliamentary source: Today...the presidencies of the committees in the House of Representatives are
» A deputy talks about the possibility of repeating the scenario of the Lebanese economic crisis in Ir
» Al-Karbouli calls on Japan to enhance its role in developing the infrastructure of the liberated cit
» Planning discusses with a UN program the results of a survey of institutions in Iraq
» Creating an integrated electronic service to change the names of beneficiaries of water and electric
» At the inauguration of the Judicial Complex in Ghamas... .. Minister of Justice: We will open more c
» Will you succeed in dealing with the rise of the dollar? An economist suggests adding a cash currenc
» Infographic: Learn the security signs to discover counterfeit Iraqi currency
» Expert: Solving the dollar problem requires breaking the link between it and commodity prices in the
» Al-Mandalawi to Al-Alaq: Financial stability must return to the markets soon
» Health: The 2023 budget will include standard allocations for the health sector
» Parliamentary Finance calls for expediting sending the budget law
» Finance: creating 24,933 job degrees to confirm contracts in 3 places
» With a capacity of 100,000 tons.. Announcing the construction of a new silo in Wasit
» corruption
» The new generation holds the Kurdistan government responsible for 4 crises in the region
» The Iraqi Central Bank's sales increased to more than 91 million dollarsproposals from
» Alekti: The Association of Banks has not done its part to solve the dollar crisis..and the governmen
» A new rise in the exchange rates of the dollar in Baghdad..and a raid on the Al-Kifah and Al-Harithi
» Parliamentary Finance invites the government regarding the 2023 budget
» Iraq and UNESCO are discussing the development of the education, culture and science sectors
» High prices of “foreign and Iraqi” gold in the local markets in the capital, Baghdad, and in the mar
» Iyad Allawi receives the President of the Republic, Abdul Latif Rashid, to discuss the situation in
» Iraq and the Netherlands are discussing the human rights file within the jurisdiction
» The central bank governor presents plans to control the dollar's rise
» Rashid and Allawi stress the necessity of holding a Kurdish dialogue under the supervision of Masoud
» It was preceded by American negotiation.. An Iraqi tendency to adopt the price of the dollar at 1,64
» KDP: The parties did not abide by the document that contributed to the formation of the government
» Al-Alaq briefs the Iraqi parliament on a "financial plan" to control the exchange rate and prevent s
» The bank’s dollar sales increased by 44% in the currency auction
» It imports 16 million liters per day.. Iraq is among the cheapest in the world with gasoline prices
» The crisis of the rise in the dollar exchange rate between the weak establishment of a fixed exchang
» Hamza El-Gawahry: The agreements with Siemens are a good step for investing in gas
» It costs 9 billion dollars.. Oil expert: The oil pipeline between Iraq and Jordan is useless
» Transport The project to link the port of Faw with Turkey is included in the 2023 budget
» Iraqis have spent more than 700 million dollars on treatment in India over the past 3 years
» Central Bank sales jump 40% and exceed $90 million
» The Governor of the Central Bank briefs the Presidency of Parliament on a “financial plan” to contro
» Labor is considering including the economic inclusion project in the 2023 budget
» Oil ignores the Iran bombings...waiting for OPEC's word
» Politicians: Investment laws deprive the state of huge sums
» Adding 1,000 megawatts to the national grid by 2023
» Preventing the transfer of funds to the region confuses the papers of the Party and the administrati
» Investigative committees of breaches of foreign investors
» Integrity reveals manipulation of 9 real estate and tax evasion in Fallujah
» Parliamentary Finance urges accelerating the approval of the 2023 draft budget
» Federal decision on the territory restores political tension
» Good news from the Central Bank, the Iraqi dinar has become equivalent to a dinar and a half. Video
» Kurdistan Regional Government: There is no compromise on our constitutional rights... There is no al
» After the complaint of the Federal Court.. issuance of a summons order against the second deputy spe
» Al-Zamili and Al-Janabi are the heads of the Parliamentary Security and Integrity Committees
» Election of Alia Nassif as First Vice-Chairman of the Integrity Committee and Karim Shakour as Secon
» Praising the efforts of the Minister of Construction.. Representative Kazem Al-Shammari expresses hi
» An American-British welcome to the Sulaymaniyah meeting: By working together, a more developed Kurdi
» Parliament elects the heads of parliamentary committees, three of which are for the Kurdistan Democr
» President Barzani receives the Kuwaiti Consul in Erbil
» Pumping food items at reduced prices next week
» State administration takes over the important parliamentary committee chairmen
» A leader in Al-Asa'ib sparks a dispute between Al-Sudani and Al-Maliki
» Formation of a committee to discuss constitutional amendments in Iraq
» "Money transfer" ignites disputes between Baghdad and Erbil
» Iraq renews its refusal to use its lands to encroach on neighboring countries
» Morocco reopens its embassy in the Iraqi capital
» Expectations of a delay in approving the budget until May: its amounts reach 220 trillion dinars
» The “frame” traces Al-Kazemi’s steps in the Basra-Aqaba pipeline, and a faction in the crowd threate
» Inclusion of the project to link the port of Fao with Turkey in the 2023 budget
» Economic center: Iraqis spent 700 million dollars on treatment in India in 3 years
» Parliament issues a clarification regarding the elections for parliamentary committee chairs
» Exchange rates in the Iraqi markets.. 166 thousand per 100 dollars
» The Presidents of the Republic and the National Coalition are discussing the Kurdish differences
» Iraq and the Netherlands are discussing the human rights file within the jurisdiction
» Approval of extinguishing the debts of the wounded and martyrs of the Popular Mobilization Forces in
» New administrative changes in the Ministry of Interior