[The Trump Administration Has Initiated the U.S. Oil Reserve Release Program] BlockBeats News, March 14 – The Trump administration has initiated a large-scale release of the U.S. emergency oil reserves, issuing a request to exchange 86 million barrels of crude oil. In a statement on Friday, the Department of Energy said that as part of the 172 million-barrel large-scale release plan announced on Wednesday, oil extracted from the Strategic Petroleum Reserve is expected to begin flowing into the market by the end of next week. This oil reserve release is expected to take four months to complete and is part of a coordinated 400-million-barrel action plan with other countries. Under the terms of the exchange, companies will return the borrowed oil to the Department of Energy in the future, along with an additional amount of oil as a premium. Earlier this week, the Department of Energy stated that the Trump administration has arranged to replenish the Strategic Petroleum Reserve with approximately 200 million barrels of oil over the next year, which will exceed the amount released this time by 20%. (Jin10)