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Yet it still plans to launch its own lets start in the us, where President Biden has announced plans to release 50 Million Barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices. The move is being taken in parallel with other major oil consuming nations including china, india, japan, south korea and the uk. But what impact will this have . Our north America Business correspondent Michelle Fleury sent us this report from new york. The cost of petrol will be at the front of american voters mines this week as they travel for the thanksgiving holiday stopping a mismatch between demand and supply during the pandemic has pushed up prices to their highest level in seven years. With his Approval Rating thinking partly because of inflation, President Biden was moved to act. Inflation, President Biden was moved to act. Ive worked hard these past moved to act. Ive worked hard these past few moved to act. Ive worked hard these past few weeks moved to act. Ive
UsPricesBarrelsMarketBusiness-storiesHello-againBattleBbc-newsSally-bundock50-millionCountryTurkey we begin in the united states where president biden hasjust wrapped up his state of the union address seen as his big pitch for a second term in office. the strength of the economy and its resilience in bouncing back from the global pandemic was front and centre in his speech. but the president said there is much to do and promised to tax the wealthy more and squeeze profits from industrys such as big pharma and oil. we are the only country who has emerged from every crisis we enter into stronger than we got into it stop and that is what we are doing again.- into it stop and that is what we are doing again. years ago the economy we are doing again. years ago the economy was we are doing again. years ago the economy was reeling, - we are doing again. years ago the economy was reeling, i i the economy was reeling, i stand here tonight after we created 12 million newjobs, morejobs created 12 million newjobs, more jobs created created 12 million newjobs, morejobs created in c
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