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 ...

Biden orders release of 1 million barrels oil a day from strategic reserve to hit brakes on gas prices President Joe Biden is ordering the release of 1 million barrels of oil per day from 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 ...

Biden administration officials said the strategic oil reserves will be replenished when prices fall. To fight soaring global oil prices, President Biden will release 50 million barrels of crude ...

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 ...

With an authorized storage capacity of approximately 714 million barrels, the Strategic Petroleum Reserve is the world's largest supply of emergency crude oil and was established primarily to ...

US President Joe Biden on March 31 announced that the US would release 1 million barrels of oil per day from its strategic national reserves for a period of six months in order to push down ...