The US is committed to replenishing the Strategic Petroleum Reserve but won’t rush to do so immediately despite the recent decline in oil prices, a top Biden administration official said.
“Why don’t we take this one day at a time,” Special Presidential Coordinator for Global Infrastructure and Energy Security
WATCH: Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein discusses the effects of the banking crisis on the energy sector.
Source: Bloomberg
“We’ve seen a decline in oil prices, we’re seeing some crunch there,” Hochstein said. “We should take a deep breath and wait and see how this crisis right now impacts the oil and gas industry, production and what ...