Tag: Strategic Petroleum Reserve

  • The EU has placed sanctions on Russia

    The EU has placed sanctions on Russia

    US President Joe Biden has said that the country would release 10 million more barrels of oil from the Strategic Petroleum Reserve (SPR) in November. It’s part of his order to increase SPR’s production by 5 million barrels per day in November. This comes after OPEC and Saudi Arabia reached an agreement to cut oil…