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Policy and Rights President Biden Opens US Oil Reserves tolower Fuel Prices

Policy and Rights President Biden Opens US Oil Reserves tolower Fuel Prices

Published 3 years, 11 months ago
Description
US President Joe Biden has ordered the release of up to one million barrels of oil per day from the United States’ strategic petroleum reserve, as it moves to lessen the impact of rising gas prices amid Russia’s invasion of Ukraine.

The US and other nations have barred imports of Russian oil and gas over the country’s ongoing invasion of its neighbour, while European countries have pledged to wean themselves off energy supplies from Moscow.

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