Sunday, June 29, 2025
Biden spurs record emergency oil release in 'moment of peril' for world- oil and gas 360

Biden spurs record emergency oil release in ‘moment of peril’ for world

Yahoo Finance WASHINGTON – President Joe Biden on Thursday launched the largest release ever from the U.S. emergency oil reserve and challenged oil companies to drill more in an attempt to bring down gasoline prices that have soared during Russia’s war with Ukraine. Starting in May, the United States will release 1 million barrels per day (bpd) of crude oil