US to sell 26m more barrels from Strategic Oil Reserve

Deadline ends today for interested bids

OPEC+ decision will drive energy prices up, say analysts

The organisation has announced it will cut oil output by two million barrels a day

US to sell up to 40.1m oil barrels from emergency stockpile

The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022

Biden orders ‘unprecedented and largest ever’ release of US oil reserves

The president plans to release one million barrels of crude oil daily for six months starting in May

US awards 13.4m barrels of crude oil from emergency stockpile

Over the last two months, the Biden Administration has approved the release of 40m barrels of crude oil from the Strategic Petroleum Reserve to address the high oil prices