The Biden administration signaled Feb. 22 that it is building a case for a globally coordinated crude stockpile release as the Russia-Ukraine tensions keep oil prices above $90/b. The International Energy Agency said Feb. 22 that member countries “stand ready to act collectively to ensure that global oil markets are adequately supplied.” IEA members hold …
The post White House again contemplates SPR release as oil prices stay above $90/b first appeared on Hellenic Shipping News Worldwide.
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