US President Joe Biden in response to war in Ukraine Plan announced on March 31 Release one million barrels of oil per day for six months from the Strategic Oil Reserve. This equates to his unprecedented release of 180 million barrels of oil.
Uncertainty about Russia’s energy supply remains very high, but the SPR release plan is set to expire in October.
Reuters On Thursday, it was reported that Energy Secretary Jennifer Granholm told news agencies that the Biden administration was considering further releases.
But officials are now pushing back on that characterization. A Biden administration official told CNN that at this time, the White House is not considering any new releases from the SPR beyond the 180 million barrels announced in March.