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Euronews
Euronews
Marta Pacheco

US presses Europe to release more emergency oil reserves as prices surge

The United States has urged European countries to release more emergency oil reserves to curb soaring energy prices, as Washington announced it would put another 40 million barrels onto the market.

“While the United States and Japan are delivering on their commitments, several European member countries have released only a fraction of the crude oil and petroleum products they pledged,” US Energy Secretary Chris Wright said on September 29. “We urge every member country to fulfil its commitments.”

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