Published by Reuters By Timothy Gardner WASHINGTON (Reuters) -The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in a coordinated move with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers rebuffed calls for more crude. The White House issued the statement after […]
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By Timothy Gardner WASHINGTON (Reuters) -The United States said on Tuesday it would release 50 million barrels of oil from strategic reserves in a coordinated move with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers rebuffed calls for more crude. The White House issued the statement after a source in the U.S. administration said Washington had been hashing out a plan with major Asian energy consumers to drive down prices from near three-year highs. Britain had not previously been mentioned. U.S. President Joe Biden, facing low approval ratings amid rising inf…
The post U.S. to release oil from reserves after OPEC+ rebuffs call for more crude appeared first on The Moderate Voice.
