Biden mulls increasing oil supply to dampen price hike
US President Joe Biden is expected to make a statement Thursday on measures to render oil and gasoline cheaper. Since the invasion of Ukraine, supply of Russian oil to the global market has shrunk, pushing prices up.
by ritzau
US President Joe Biden’s administration considers releasing around 1 million barrels of oil per day from the country’s reserves for months ahead, say two anonymous sources familiar with the considerations cited by news agency Reuters.
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