The country’s emergency stockpile is currently at its lowest level since 1983 The administration of US President Joe Biden said on Monday that it will go ahead with a scheduled sale of 26 million barrels of crude oil from the country’s Strategic Petroleum Reserve (SPR). The move comes on the heels of Russia’s announcement that it will curtail output by half a million barrels next month. The release has been mandated by Congress and is in line with budget directives enacted in 2015 for the current fiscal year, a spokesperson for the US Department of Energy said. Last year, the Biden administration sold a record 1
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