US to Buy 3 Million Barrels of Oil for Reserve in August
The U.S. is soliciting bids for up to 3 million barrels of sour crude oil to refill its depleted Strategic Petroleum Reserve in August.
Biden Adviser Says US Won’t Rush to Fill Petroleum Reserve
The U.S. is committed to replenishing the Strategic Petroleum Reserve but won’t rush to do so despite the recent decline in oil prices, Biden administration adviser Amos Hochstein said.
House Republicans Seek New Restrictions on Use of Oil Stockpile
WASHINGTON — For the second time this January, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile.
GOP Energy Bills Will Raise Gas Prices, White House Says
U.S. gasoline prices are back on the agenda in Washington as both political parties go on the offensive.
Biden Says More Oil Releases Possible to Cut Gas Prices
President Joe Biden announced the drawdown of an additional 15 million barrels of oil from U.S. emergency reserves, as well as what he called a “ready and release plan” aimed at driving down gasoline prices.
White House to Tap Oil Reserve Again Amid High Fuel Prices
The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further.October 18, 2022
Biden Administration Lays Out Plans to Refill Oil Reserve
The Biden administration announced a plan May 5 to begin purchasing oil to refill the nation’s emergency reserve.
Nations to Release Millions of Barrels of Oil Amid War
PARIS — The International Energy Agency said April 7 that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.April 7, 2022
Biden Plans to Tap Oil Reserve to Control Gas Prices
WASHINGTON — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.
US Considers New Oil Release From Strategic Reserve
The U.S. is considering another release of oil from its emergency reserves as prices continue to surge after Russia’s invasion of Ukraine, people familiar with the matter said March 25.