US could sell oil from emergency reserve to bring down prices
- 18-Oct-2022
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, three sources familiar with the matter said on Monday. President Joe Biden’s announcement is expected this week as part of the response to Russia’s war on Ukraine, one of the sources […]
US considers biggest release of oil to lower fuel prices
- 31-Mar-2022
The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four US sources said on Wednesday, as the White House tries to lower fuel prices. The latest amount of US oil release being considered, which is equivalent to about two days of global […]