The Biden administration has announced the release of strategic oil reserves but the US is not alone here. Joining Washington are India, Japan, South Korea, China, and the UK.

United States: Emergency oil release to lower fuel prices

United States: US plan could strain ties between Washington and Riyadh

India and the United States have signed a MoU to develop a strategic petroleum reserve and both countries are in the advanced stage of discussions to store crude oil in the US to increase India's reserves.

India looking to store crude oil in US after an MoU signed to increase India's stockpile

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United States: Emergency oil release to lower fuel prices

United States: US plan could strain ties between Washington and Riyadh

India looking to store crude oil in US after an MoU signed to increase India's stockpile