US to release 30mn oil barrels from strategic reserve: President Biden

MG News | March 02, 2022 at 11:23 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 02, 2022: The United States will release 30 million barrels of oil from its Strategic Petroleum Reserve as part of an international effort to stabilize the market after Russia's invasion of Ukraine, President Joe Biden said Tuesday.

"I can announce the United States has worked with 30 other countries to release 60 million barrels of oil from reserves around the world. America will lead that effort, releasing 30 million barrels of oil," Biden told members of Congress in his first State of the Union address, adding that Washington stands "ready to do more, if necessary."

AFP/APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,891.03 84.14M	-0.63% -1033.28
ALLSHR	98,992.07 290.54M	-0.54% -534.80
KSE30	47,970.97 38.42M	-0.71% -342.84
KMI30	233,689.40 45.50M	-0.83% -1947.78
KMIALLSHR	64,231.99 162.32M	-0.70% -451.09
BKTi	44,800.72 11.45M	-0.84% -380.49
OGTi	33,070.21 4.43M	-0.97% -325.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,695.00	81,920.00 81,055.00	240.00 0.29%
BRENT CRUDE	114.46	114.72 112.74	1.29 1.14%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-1.55 -1.19%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	1.80 1.24%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	101.07	101.30 98.84	1.60 1.61%
SUGAR #11 WORLD	20.21	20.29 20.02	0.08 0.40%