TV News LIES

Monday, Jan 24th

Last update09:46:53 AM GMT

You are here News Energy Reuters: U.S. asks Japan, China, others to consider tapping oil reserves - sources

Reuters: U.S. asks Japan, China, others to consider tapping oil reserves - sources

E-mail Print PDF
Biden wants powers to release  oil reserves.The Biden administration has asked some of the world's largest oil consuming nations - including China, India and Japan - to consider releasing crude stockpiles in a coordinated effort to lower global energy prices, according to several people familiar with the matter.

The unusual request comes as U.S. President Joe Biden fends off political pressure over rising pump prices and other consumer costs driven by a rebound in economic activity from lows plumbed early in the coronavirus pandemic.

It also reflects U.S. frustration with members of the Organization of the Petroleum Exporting Countries and its allies who have rebuffed repeated requests from Washington to speed up their production increases.

"We're talking about the symbolism of the largest consumers of the world sending a message to OPEC that 'you've got to change your behavior,’" one of the sources said.

More...

 


Most Recent Related Stories...


New York City bans natural gas in new buildings

NYC bans natural gas in new buildingsThe New York City Council voted on Wednesday to ban the use of natural gas in...

More than 40 countries agree to phase out coal-fired power

More than 40 countries to phase out coal More than 40 countries have agreed to phase out their use of coal-fired power, the dirtiest...

U.S. challenges OPEC+ with coordinated release of oil from reserves

US challenges OPEC with coordinated release of oil reservesThe United States said on Tuesday it will release millions of barrels of oil from strategic...

U.S. House Democrats grill Big Oil in climate deception probe

Big Oil execs testifyExecutives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!