Biden to release 15m barrels from US oil reserves: official ...Kuwait

President Joe Biden will announce on Wednesday he's putting the final 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 American official said. The new tranche of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorised in the spring", in response to price hikes linked to Russia's invasion of Ukraine, a senior US official said on Tuesday. The order, which Biden will announce in a speech, means the president will be "making clear that the administration is prepared to undertake significant additional… sales this winter if they are

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Last updated : 19 October 2022 clock 02:37 PM

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Biden to release 15m barrels from US oil reserves: official ...Kuwait

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