The SPR was established in the 1970s after the Arab oil embargo to ensure the United States had adequate supplies to weather an emergency. Several people familiar with the matter warned that negotiations on a coordinated delivery release have not yet been finalized or concluded. no final decision made. whether certain measures should be taken on oil prices.
The White House did not want to comment on the detailed content of the talks with other countries. “No decisions were made,” said a White House National Security Council spokesman.