Oil prices dipped on Friday but were still on track to their biggest weekly gain since late August.
Imports in the first 11 months of the year were 292.32 million tonnes, up 10.6% year-on-year.
The world is set to add nearly 290 gigawatts of renewable power capacity this year.
Biden agreed with Asian countries on the use of SPR.
Earlier, Biden ordered the ministry to use 50 million barrels of oil from the strategic reserve.
New quarantine restrictions in Europe shows that the growth rate of global oil demand may turn out to be weaker.