US challenges Opec+ with coordinated release of oil from reserves

WASHINGTON: The United States said on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after Opec+ producers repeatedly ignored calls for more crude. US President Joe Biden, facing low approval ratings amid rising inflation ahead of next year’s congressional elections, has grown frustrated at repeatedly asking … Continue reading US challenges Opec+ with coordinated release of oil from reserves