President Biden is said to be preparing to order the release of up to 1 million barrels of oil per dayRelease from the US strategic petroleum reserve.
President Biden is said to be preparing to order the release of up to 1 million barrels of oil per day
Release from the US strategic petroleum reserve. To address, and lower, high gasoline prices.
The US consumes circa 20m bbls of oil a day. So a release of 1mn bbl;s/day is significant. Especially it goes on for months.
Earlier:
Oil update:
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