Joe Biden to release 15 million barrels from US strategic oil reserve

It completes the release of 180 million barrels authorised by Mr Biden in March that was initially supposed to occur over six months

(Patrick Semansky/AP)

US President Joe Biden is set to announce the release of 15 million barrels of oil from the US strategic reserve as part of a response to recent production cuts announced by OPEC+ nations.

Mr Biden will deliver remarks on Wednesday to announce the drawdown from the strategic reserve, senior administration officials said on Tuesday on the condition of anonymity to outline Mr Biden’s plans.