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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.
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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.

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