France was informed about the US decision to release oil from strategic reserves if necessary, and is monitoring this issue together with European partners, a French foreign ministry spokesperson said on Tuesday
PARIS (Pakistan Point News / Sputnik - 30th November, 2021) France was informed about the US decision to release oil from strategic reserves if necessary, and is monitoring this issue together with European partners, a French foreign ministry spokesperson said on Tuesday.
On Monday, the US Department of State said that President Joe Biden and his administration were prepared to release more oil from the US Strategic Petroleum Reserve to markets to prevent global oil prices from soaring.
"We were informed and took note of the US authorities' decision to use its strategic (oil) reserves. This is an issue that we are closely monitoring with our European partners," the diplomat told reporters.
