‘Biden plans to release 1 million barrels of oil per day’

(ANSA) – WASHINGTON, MARCH 30 – The Biden administration is considering the possibility of unlocking about one million barrels of oil a day from US strategic reserves.

Bloomberg reports this, citing informed sources.

Oil would be released over the course of several months in an attempt to lower gasoline prices, which rose after Russia invaded Ukraine. According to sources, the total quantity released from strategic reserves could amount to 180 million barrels. At 7.30pm, 1.30pm local time, Biden will speak from the White House on measures to reduce the impact of Putin’s war on energy prices. (HANDLE).

Source: Ansa

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