LIVE: White House press sec. Jen Psaki and Energy Secretary Granholm hold a briefing —11/23/2021

CNBC Television published this video item, entitled “LIVE: White House press sec. Jen Psaki and Energy Secretary Granholm hold a briefing —11/23/2021” – below is their description.

White House Press Secretary Jen Psaki holds a press briefing on Tuesday. The press secretary will be joined by Secretary of Energy Jennifer Granholm at the briefing.

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021′s rapid rise in fuel prices.

The coordinated release between the U.S., India, China, Japan, Republic of Korea and the United Kingdom is the first such move of its kind.

In total, the U.S. will release 50 million barrels from the SPR. Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale.

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LIVE: White House press sec. Jen Psaki and Energy Secretary Granholm hold a briefing —11/23/2021

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