🔴🛢️ U.S. oil reserves are expected to decline by approximately 41%, reaching their lowest levels since the 1980s, following the announcement by the United States of a withdrawal of 172 million barrels
📈 This will reduce U.S. oil reserves to about 243.4 million barrels, which is only 34% of total production capacity
◀ Moreover, the Strategic Petroleum Reserve must maintain about 150 million barrels to ensure operational flexibility
▪️ This means that only 93 million barrels will be available for withdrawal, which is less than 5 days of oil supplies that typically pass through the Strait of Hormuz, according to The Kobeissi Letter
🔸 After the anticipated withdrawal, U.S. oil reserves will have decreased by more than 400 million barrels since the outbreak of the Russian-Ukrainian war in February 2022
🎖<a>Link to the public channel</a>🎖
📈 This will reduce U.S. oil reserves to about 243.4 million barrels, which is only 34% of total production capacity
◀ Moreover, the Strategic Petroleum Reserve must maintain about 150 million barrels to ensure operational flexibility
▪️ This means that only 93 million barrels will be available for withdrawal, which is less than 5 days of oil supplies that typically pass through the Strait of Hormuz, according to The Kobeissi Letter
🔸 After the anticipated withdrawal, U.S. oil reserves will have decreased by more than 400 million barrels since the outbreak of the Russian-Ukrainian war in February 2022
🎖<a>Link to the public channel</a>🎖