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The limits — and possibilities — Biden faces in ordering more SPR releases

By Breanne Deppisch
Published October 13, 2022 6:30am ET
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The limits — and possibilities — Biden faces in ordering more SPR releases
President Joe Biden is weighing the release of more oil from the U.S. Strategic Petroleum Reserve in an effort to help tamp another surge in prices expected after OPEC+ announced its plans to slash oil production by roughly 2 million barrels per day. But experts warn that further depleting the nation’s emergency stockpile could be […]

President Joe Biden is weighing the release of more oil from the U.S. Strategic Petroleum Reserve in an effort to help tamp another surge in prices expected after OPEC+ announced its plans to slash oil production by roughly 2 million barrels per day.

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Biden Administration Oil OPEC Russia-Ukraine War