Biden administration to release 15 mln barrels from US oil reserves

Biden administration to release 15 mln barrels from US oil reserves

President Joe Biden will announce on Wednesday he's putting the concluding 15 million barrels on the market from a record release of US strategic oil reserves, with more releases possible if energy prices spike, a senior US official said Tuesday, reports UNB. The new installment of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorized in the...

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