Category: oil release

Biden Releases More Oil From Reserves; China Lags Behind the U.S. in Tech War? | NTD Business

President Biden responds to the OPEC+ production cuts: He’s doubling down on renewable energy and releasing more oil from the Strategic Petroleum Reserves, which is now at historically low levels. Billionaire Elon Musk says he wants to create an “everything app” — and Twitter could speed that up. But what exactly is he talking about? Which…


Biden Releases More Oil From Reserves; China Lags Behind the US in Tech War? | NTD Business

President Joe Biden responds to the OPEC+ production cuts: He’s doubling down on renewable energy and releasing more oil from the Strategic Petroleum Reserves, which is now at historically low levels. Billionaire Elon Musk says he wants to create an “everything app”—and Twitter could speed that up. But what exactly is he talking about? Which country…


China Non-Committal on US ‘Drop in the Ocean’ Oil Release

BEIJING—China, the world’s largest crude importer, was non-committal about whether it will release oil from its reserves as requested by Washington, while OPEC sources said the U.S. action has not made the producer group change course. On Tuesday, U.S. President Joe Biden’s administration announced plans to release millions of barrels of oil from strategic reserves…