Biden administration seeks to halt SPR sales

摘要

THE administration of US President Joe Bidenwants to stop sales from the country’s StrategicPetroleum Reserve (SPR) that have been mandatedby Congress. The Biden administrationwants to refill the SPR when oil reaches $70 perbarrel.In late October, the Biden administrationannounced that another 15mn barrels of oilwere set to be sold from the reserve, in an effortto shore up the price of gasoline. It was the secondsuch move. At that time, the Biden administrationsaid that more releases might occur inan attempt to rein in the retail price of gasoline.Biden also called on oil companies to pass onsome of their profits to consumers.