Ari Natter and Sheila Tobben

Government, Business, Fuel

Biden Administration Lays Out Plans to Refill Oil Reserve

oil reserves Petroleum storage tanks at the Royal Dutch Shell PLC Southern California Distribution Complex in Carson, Calif. (Bing Guan/Bloomberg News)

The Biden administration announced a plan May 5 to begin purchasing oil to refill the nation’s emergency reserve.

May 5, 2022