President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve in a bid to control energy prices that have spiked among steep sanctions on Russia over its invasion of Ukraine.
WASHINGTON — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to a person familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine
The announcement could come as soon as Thursday, when the White House says Biden is planning to deliver remarks on his administration’s plans to combat rising gas prices. The duration of the release hasn’t been finalized but could last for several months. The person spoke on the condition of anonymity to preview the decision.High oil prices have not coaxed more production, creating a challenge for Biden.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Joe Biden Skeptical Russia Is Scaling Back Operations In Kyiv“We’ll see,” the president said Tuesday. “I don’t read anything into it until I see what their actions are.”
Consulte Mais informação »
Full Remarks of U.S. President Joe Biden and Singapore Prime Minister Lee Hsien LoongA transcript of remarks from Biden and Lee’s joint press conference following their meeting in Washington, as transcribed by the White House Press Office.
Consulte Mais informação »
President Joe Biden receives 2nd COVID booster, presses Congress on virus fundsPresident Joe Biden called on Congress to pass billions of dollars in additional funding to fight the COVID-19 pandemic on Wednesday, as he received a second booster dose of the Pfizer vaccine.
Consulte Mais informação »
President Joe Biden receives 2nd COVID booster, presses Congress on virus fundsPresident Joe Biden called on Congress to pass billions of dollars in additional funding to fight the COVID-19 pandemic on Wednesday, as he received a second booster dose of the Pfizer vaccine.
Consulte Mais informação »
President Joe Biden receives 2nd COVID booster, presses Congress on virus fundsPresident Joe Biden called on Congress to pass billions of dollars in additional funding to fight the COVID-19 pandemic on Wednesday, as he received a second booster dose of the Pfizer vaccine.
Consulte Mais informação »
Joe Biden Celebrates Transgender Day of Visibility: 'Your President Sees You'President Joe Biden celebrated transgender people on Wednesday, issuing a statement to commemorate 'Transgender Day of Visibility.'
Consulte Mais informação »