A trucker puts fuel into his truck in Salt Lake City, Utah. US President Joe Biden has  ordered the release of 50 million barrels of oil from US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel prices. Photo: AFP
A trucker puts fuel into his truck in Salt Lake City, Utah. US President Joe Biden has ordered the release of 50 million barrels of oil from US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel prices. Photo: AFP
Energy

Biden orders release of 50 million oil barrels from emergency reserves to reduce prices, challenging Opec+

  • Unprecedented move to discharge stockpiled crude is in coordination with other nations – China, Japan, India, South Korea and UK
  • Decision comes after Opec+ countries rebuffed calls to significantly boost production, challenges grip Saudi Arabia, Russia and other Opec+ producers have on market

Topic |   Energy
A trucker puts fuel into his truck in Salt Lake City, Utah. US President Joe Biden has  ordered the release of 50 million barrels of oil from US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel prices. Photo: AFP
A trucker puts fuel into his truck in Salt Lake City, Utah. US President Joe Biden has ordered the release of 50 million barrels of oil from US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel prices. Photo: AFP
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