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Tag: OPEC

The White House will announce additional sales of its oil reserves in the wake of the OPEC cut

President Joe Biden will announce the sale of an additional 15 million barrels from the Strategic Petroleum Reserve in December, a senior administration official said. This is an attempt to counter market pressures created by OPEC’s decision to cut oil production targets just three weeks before the US midterm elections. The sale announcement is the […]

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