Biden to release another 15M barrels from strategic reserve
The Department of Energy has another 400 million barrels in its strategic reserves, which the White House plans to restock as soon as prices fall to $67 to $72 per barrel.
President Biden will announce Wednesday that he is authorizing the release of another 15 million barrels from the Strategic Petroleum Reserve. The draw completes the U.S. plan announced earlier this year to release a total of 180 million barrels.
Senior administration officials told reporters Tuesday that the additional 15 million barrels will be released sometime
