Biden said he was ordering the US Department of Energy (DOE) to issue a notice of sale for 15 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) in December – the last of the 180 million barrels he began introducing to the oil markets in late March, ...
US President Joe Biden threatened Saudi Arabia with “consequences” after a coalition led by Riyadh agreed with Russia to cut output. Last week, the 13-nation OPEC+ and its 10 allies infuriated the White House by resolving to cut output by two million barrels per day beginning in November, fueling fears ...