US may sell more oil from strategic reserves – media ...News

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US may sell more oil from strategic reserves – media
With fuel prices surging ahead of the midterm elections, the White House is pushing hard to bring them down The Biden administration is planning to release at least another 10 to 15 million barrels of oil from the US’ strategic petroleum reserve (SPR) in an effort to stabilize markets and lower fuel prices, Bloomberg reported on Tuesday, citing people familiar with the matter. The program to release 180 million barrels from the SPR that began in May is expiring, but fuel prices in the US keep climbing. President Joe Biden’s announcement of the latest 14-million-barrel tranche is expected this week before next mont

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