President Joe Biden said that more than 30 countries have joined the United States in tapping national oil reserves to try and settle global energy markets spooked by fallout from Russia’s invasion of Ukraine. “This morning, over 30 countries from across the world convened in an extraordinary meeting and agreed to the release of tens .
U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia’s invasion of Ukraine, Japan’s industry ministry said, a day after Washington pledged its biggest oil release ever. Member countries of the International Energy Agency, however, did not agree on volumes or timing for the release .
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