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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Biden Releases 15M Barrels From Oil Reserve

Joe Biden Oil United States Voter
US President Joe Biden orders release of15 million barrels of a 180 million barrel pledge from the Strategic Petroleum Reserve - AFP

US Joe Biden announced the release of 15 million barrels of oil from the US strategic reserve Wednesday as his administration seeks to lower prices ahead of next month’s midterm elections. He also announced a policy to restock the strategic reserve.

High fuel prices are threatening are feeding voter anger at the administration three weeks before midterm elections to decide control of Congress.

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