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Biden’s Economic Advisor Hints At More SPR Releases

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Biden isn’t ruling out more releases from the nation’s Strategic Petroleum Reserves, U.S. President’s economic advisor Cecilia Rouse said on Thursday. The SPR, Rouse added, is still at half of capacity. President Joe Biden moved in April last year to release 180 million barrels from the nation’s SPR from April to September 2022. At the time the announcement was made, the SPR held more than 564 million barrels of crude oil. Today, that figure has shrunk to 371 million barrels and is the lowest volume in the SPR since 1983.…

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