"While stock releases will help to keep a lid on prices in the short term ... President Biden releases unprecedented amounts of oil from strategic reserves. But it really only offers a temporary ...

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve as part of a response to recent production cuts announced by OPEC+ nations. Biden and his ...

Governments rushing to reduce taxes on energy, provide subsidies, and open up strategic reserves suggest any price-driven demand slump could be short-lived. The effect of the release of oil from ...

Nov. 8 (UPI) --The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought and delivered for the strategic oil reserve. The last purchase of 2.4 million barrels will ...