URGENT: U.S. decides on largest release of oil reserves in history

Politics Economy

President Joe Biden has decided on the largest release of oil reserves in U.S. history to address rising energy prices amid Russia's war in Ukraine, putting 1 million additional barrels on the market per day for the next six months, the White House said Thursday. "This record release will provide a historic amount of supply to serve as (a) bridge until the end of the year when domestic production ramps up," the White House said.

Kyodo News

Kyodo News