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President Biden’s pledge to pressure oil producers to lower prices has already backfired. The US administration’s attempt to coordinate a strategic petroleum reserve release from key importers to enhance supply
While the investors were waiting on the emergency release of reversed oil on Thursday, the oil prices were little changed. The release of emergency crude was intended to temper the
Some of the world’s largest energy consumers are joining a US-led push. They want to unleash strategic oil reserves in an attempt to bring down high prices and keep inflation
Four government sources with knowledge of the plans announced that Japanese authorities are working on methods to get past limits on releasing national stocks of crude oil in coordination with other
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