What is the SPR, the emergency oil stash Biden may tap?

2021-11-17

November 18, 2021 11:44 AM

WASHINGTON (REUTERS) – The Biden administration is considering tapping the US Strategic Petroleum Reserve (SPR) to cool oil prices in conjunction with other big consumers like China and Japan.

Source : http://www.straitstimes.com/business/economy/what-is-the-spr-the-emergency-oil-stash-biden-may-tap

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What is the SPR, the emergency oil stash Biden may tap?

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