"The administration of US President Joe Biden is exploring ways to reduce the rise in oil prices later this year, including the possibility of freeing up additional volumes from the country's strategic reserves," the material says.

According to sources familiar with the discussion, price increases are expected in December this year, when EU sanctions against Russian supplies come into force.

Earlier it was reported that the White House will ask Congress for $11.7 billion to help Ukraine and $2 billion to reduce fuel prices in the United States.