Biden may tap US strategic oil reserves – FT ...News

Russia Today - Economy
Biden may tap US strategic oil reserves – FT
The move is being touted as a way of reducing prices at the pump ahead of the presidential election, according to a report US President Joe Biden may order the release of more crude from the Strategic Petroleum Reserve (SPR) in an effort to tame rising gasoline prices and inflation ahead of the election in November, the Financial Times reported on Monday. The SPR is an emergency stockpile of petroleum maintained by the US Department of Energy, which was established after an OPEC oil embargo in 1973 and 1974. It serves as a buffer against spikes in oil prices in times of supply disruptions. In an interview with the

Hence then, the article about biden may tap us strategic oil reserves ft was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden may tap US strategic oil reserves – FT )

Apple Storegoogle play

Last updated :

Also on site :



Latest News
before hour & 22 minute