In November 2021, President Joe Biden ordered the excess release of 50 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). Then in late March 2022, he followed up with the ...

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations. Biden and his ...

Thirty million will come from the US Strategic Petroleum ... countries have agreed to the release from emergency reserves to send a “strong message to global oil markets that there will be ...

Saudi Arabia’s national oil company, Aramco, said it will cut oil production by about 5.7 million barrels per day, or nearly 50%, after attacks from drones President Donald Trump announced on ...

Japan's government said last month that it would release "a few hundred ... month it will sell 18 million barrels of oil from the Strategic Petroleum Reserve, with offers from companies to ...