The UK Set To Join U.S. In Oil Reserve Release

The United Kingdom is set to join the United States in the latest round of releases from strategic petroleum reserves as the Western allies and the International Energy Agency (IEA) seek to lower oil prices and ensure enough supply globally in the wake of the Russian war in Ukraine. The UK announcement is expected as soon as on Friday via the IEA, which is meeting today to review and assess ideas about releases from strategic petroleum reserves, two sources with knowledge of the UK’s plan told Bloomberg. On Thursday, U.S. President Joe Biden…