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Tackling oil prices, US to release 50 mln barrels of crude from the Strategic Petroleum Reserve

In response to the highest oil prices in seven years, the Biden administration has taken a decisive action to address lack of supply and lower prices for Americans at the pump by making available 50 million barrels of crude oil from the US Department of Energyโ€™s (DOE) Strategic Petroleum Reserve (SP
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U.S. to sell 32 mln bbls from 4 sites as part of strategic sale | Hellenic Shipping News Worldwide

The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices. International oil prices have held above $80 a barrel LCOc1 even after U.S. President ...
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