France: We Are Informed Of US Decision To Release Oil To The Market

France has been informed of the US decision to release oil from strategic reserves if necessary and is following the matter with its European partners, a Foreign Ministry spokesperson said at a briefing on Tuesday.

Earlier, it was reported that US President Joe Biden’s administration was ready to release additional oil reserves from the country’s strategic reserves again if needed to regulate prices in the oil market.

« We have been informed and have taken note of the US authorities’ decision to use their strategic (oil) reserves. This is an issue that we are closely following with our European partners as well as with the International Energy Agency (IEA), » said the spokesperson.

The ministry also stressed that France is very attentive to the stability of energy markets.


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