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Benzinga
Benzinga
Politics
Vandana Singh

President Biden Did Not Consult Global Energy Partners Before Its Massive Reserve Release: Reuters

The International Energy Agency members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to put a cap on domestic inflation for political reasons, Reuters reported citing two sources.

According to the sources, the agency said the reserve release does not protect consumer countries from global supply disruption.

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