Biden to Release 10MM Oil Barrels Ahead of EU-Russian Ban

Biden to Release 10MM Oil Barrels Ahead of EU-Russian Ban

September 20, 2022

The Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December.

The agency will offer 10 million barrels of low-sulfur crude for supply in November from storage caverns in Texas and Louisiana, according to a press statement.

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