The United States Senate will vote for a draft law on Thursday (July 20). According to the draft, China will be banned from purchasing oil sold by the United States from emergency reserves.
According to Bloomberg, the background of the amendment of the National Defense Authorization Act is to curb the rise in oil prices after the outbreak of the Russian and Ukraine War.As a result, strategic oil reserves in the United States are at a 40 -year low, so the scale of strategic oil reserves has once again become the focus of attention.
Joe Manchin and Texas Republican Federal Senator Ted Cruz, the Federalist Federal Senator of West Virginia, proposed a correction case to prohibit strategic reserves from strategic reservesThe sale of oil to any company controlled by the Chinese government also prohibits the export of strategic reserves to China.
A spokesman for Manchin said that the version of the Senate also prohibited to sell strategic oil to Russia, North Korea and Iran.
This amendment requires 60 votes in favor of votes to pass.
The United States established a strategic oil reserve after the Arab country's petroleum embargo in the 1970s, and is currently 346.8 million barrels.The Biden government has vowed to supplement the reserves, but so far, the pace has been slow.
