Biden says 30 countries joining US release of oil reserves – Roya News English

  • Date: 02-Apr-2022
  • Source: Roya News
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Biden says 30 countries joining US release of oil reserves – Roya News English

President Joe Biden said Friday that more than 30 countries have joined the United States in tapping national oil reserves to try and settle global energy markets spooked by fallout from Russia's military operation on Ukraine, according to AFP.

"This morning, over 30 countries from across the world convened in an extraordinary meeting and agreed to the release of tens of millions of additional barrels of oil onto the market," Biden said in an address from the White House.

On Thursday, Biden announced a record release from the US strategic oil stockpile, pledging a million barrels a day for six months.