Tue, 21-Oct-2025

Biden orders release of 50 mln barrels from US strategic oil reserves

Joe Biden

WASHINGTON – President Joe Biden announced Tuesday he has ordered the release of 50 million barrels of oil from the US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel prices. “This release will be taken in parallel with other major energy consuming nations including China, India, Japan, Republic of … Read more

I have authorized the release of oil from the Strategic Petroleum Reserve: Trump

Lawyers in senate representing US President have started defending themselves of the President in his impeachment trial.

President Donald Trump took a big step to authorize the release of oil from US strategic reserves after drone attacks on Saudi Arabia’s Abqaiq plant. In a tweet, Trump wrote, “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are … Read more