US Releases 86M Barrels From Oil Reserve to Combat Rising Fuel Prices

US Releases 86M Barrels From Oil Reserve to Combat Rising Fuel Prices

Washington D.C. – The United States Department of Energy (DOE) initiated a significant drawdown of the Strategic Petroleum Reserve (SPR) on Friday, authorizing the exchange of 86 million barrels of crude oil. This move, part of a larger planned release of 172 million barrels, aims to mitigate rising energy costs amid heightened geopolitical tensions and … Read more