You are here: Home » International » News
China so far non-committal to Washington's oil release, OPEC+ unmoved
Johnson, Macron agree to step up efforts to prevent migrants' crossings
Business Standard

Biden White House wades into oil market management with stockpile release

Release marks the first coordinated release with consuming nations outside the auspices of the West's energy watchdog, the International Energy Agency.

Topics
Joe Biden | Crude Oil Price | OPEC output

Timothy Gardner & Richard Valdmanis | Reuters 



US President Joe Biden takes off his protective face mask worn due to the coronavirus pandemic as he arrives to speak during the 76th Session of the UN General Assembly in New York City (Photo: Reuters)
US President Joe Biden takes off his protective face mask worn due to the coronavirus pandemic as he arrives to speak during the 76th Session of the UN General Assembly in New York City (Photo: Reuters)

U.S. President Joe Biden's decision to tap the nation's emergency oil stockpiles marks the first time in two decades that a president has used the reserve to tame energy prices instead of tackle a supply disruption.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, November 25 2021. 06:42 IST

RECOMMENDED FOR YOU