Biden to tap strategic oil reserves as crude prices plummet

President Biden will tap up to 180 million barrels of government oil reserves over six months to meet rising energy prices following Russia’s invasion of Ukraine, the House announced Thursday. White.

The decision to release oil from the U.S. Strategic Petroleum Reserve starting in May — an expected average of 1 million barrels per day — was made by the president after consulting with allies and partners, the White House said.


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