Global stockpiles to replace Russian oil infographic
Graphic shows stockpile releases by the 31 IEA member countries and global oil consumption, and U.S. petroleum reserves.


Stockpiles to replace Russian oil

By Phil Bainbridge

March 31, 2022 - Major oil-consuming nations have released almost 63 million barrels
from emergency reserves, but with global daily consumption
at 100 million, prices continue to surge.

President Biden is considering a plan to release a million barrels per day for up to 180 days, using 32% of current U.S. petroleum reserves in an attempt to compensate for the loss of around a third of Russian oil output - three million barrels per day - due to sanctions.

PUBLISHED: 01/04/2022; STORY: Graphic News