Tag: SPR

US goals so as to add 6 million barrels for SPR

The US has been slowly refilling the strategic petroleum reserve however will look to speed up that with a purchase order of 6 million barrels, in keeping with a Reuters report.The administration will...

The fading Chinese language reopening impact, the SPR and the Oil market

On January eighth, 2023, China formally ended its zero-COVID-19 coverage. That was enormous: the world’s second-largest financial system...

Pres. Biden: Gas prices are squeezing family budgets. US to sell 15M barrels from SPR

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable...

US plans to signal replenishing the SPR at $67-72 per barrel

Reuters is reporting that the US will signal a willingness (plan?) to replienish the strategic petroleum reserve in the $67-72 range. The idea is that they want private companies to continue to drill...

White House: Biden will continue to direct SPR releases as appropriate

If only there was a pipeline that could improve North American energy security and production.Just yesterday the White House said it wasn't considering a further SPR release but that might have been a...

As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’ – Economics Bitcoin...

Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of...

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