Published
The White House says it is releasing 50 million barrels of oil from its strategic reserves. This is part of a coordinated effort with several nations to curb soaring fuel prices.
The Biden administration has come under increasing pressure to act, with petrol prices more than doubling compared with a year ago.
China, India, South Korea, Japan and the United Kingdom are also releasing oil from their reserves.
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#US #Oil
The Biden administration has come under increasing pressure to act, with petrol prices more than doubling compared with a year ago.
China, India, South Korea, Japan and the United Kingdom are also releasing oil from their reserves.
- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/
#US #Oil
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