President Biden will release 15 million barrels of oil from US strategic reserves, officials say, but that will not cover even one full day's use of oil in America
Biden releasing 15 million barrels would not cover even one full day’s use of oil in the US, according to Energy Information Administration.
The new tranche of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorised in the spring," in response to price hikes linked to Russia's offensive on Ukraine, the official said on Tuesday.
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