Ukraine war: Joe Biden orders historic emergency oil release in ‘moment of peril’ for worldUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostUS President Joe Biden on Thursday launched the largest release ever from the country’s emergency oil reserve and challenged oil companies to drill more in an attempt to bring down fuel prices that have soared during Russia’s war with Ukraine. Starting in May, the United States will release 1 million barrels per day (bpd) of crude oil for six months from the Strategic Petroleum Reserve (SPR), he said. “This is a moment of consequence and peril for the world, and pain at the pump for American…Read More

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