Biden orders release of 50 mln barrels from US strategic oil reserves

 

U.S President Joe Biden declared Tuesday he has ordered the release of 50 million barrels of oil from the US strategic reserves in a coordinated attempt with other nations to tamp down soaring fuel prices.

“This release will be taken in parallel with other major energy-consuming nations including China, India, Japan, Republic of Korea and the United Kingdom,” the White House said.

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