Size of release intended to lower gas prices and stem inflation. President Biden is ordering the release from the Strategic Petroleum Reserve of one million barrels per day…
Read MoreStrategic Petroleum Reserve
U.S. and Allies Release 60 Million Oil Barrels from Reserves
Covers deficiencies from cutting off the Russian oil trade. The White House and the International Energy Agency (IEA) announced on Tuesday that they would be dipping into global…
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Energy Department Bolsters Fuel Supply
Approves 13.4 million barrels from reserve exchange. The Department of Energy approved additional exchanges of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) last…
Read MorePresident Biden Releases Oil from Strategic Reserve
50 million barrels released to ease rising gas prices around the country. On Tuesday, President Biden signed a new executive order releasing 50 million barrels of oil from…
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President Expected to Tap Strategic Petroleum Reserve
The goal is to reduce prices at the gas pump. President Joe Biden is expected to release oil from the Strategic Petroleum Reserve in the coming days. The U.S.…
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Senator Schumer Wants Relief at Gas Pumps
He is looking at the Strategic Petroleum Reserve. Senate Majority Leader Chuck Schumer said at a press conference he was calling on President Biden to tap into the…
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Department of Energy Announces Sale of Reserve Oil
Strategic Petroleum Reserve draw down to meet legislated requirements. The U.S. Department of Energy recently announced a notice of sale of crude oil from the Strategic Petroleum Reserve…
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