Strategic petroleum reserve: Why is Biden tapping it and will it bring lower gas
3 min read . Updated: 02 Apr 2022, 02:02 PM IST
Premium- Biden administration signaled a fresh release from the reserve, known as the SPR, to tamp down energy prices and soaring inflation
The Biden administrationis preparing to release up to 1 million barrels of oil a day from the U.S. Strategic Petroleum Reserve, according to people familiar with the plans, an effort to curb the surge in energy prices and tamp down soaring inflation.
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