China agrees with US to release oil reserves near Lunar New Year – sources

China agrees with US to release oil reserves near Lunar New Year – sources

This post was originally published on this site By Nidhi Verma and Timothy Gardner (Reuters) – China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major...

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Biden to announce release of oil reserves as part of effort to lower gas prices

Biden to announce release of oil reserves as part of effort to lower gas prices

This post was originally published on this sitePresident Joe Biden on Tuesday will announce the Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve as part of an effort to lower high gas prices and address the lack of oil supply around the world.

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