The U.S. SPR is currently at a multi-decade low. Replenishing 300 million barrels at a cost of even $70 per barrel would cost $21 billion for the oil alone. The United States needs the SPR as a safety ...
Crude inventories: +3M barrels vs. -1.3M barrels last week. Consensus -0.917M barrels. Gasoline inventories: -3.2M barrels vs. +1.7M barrels last week. Consensus -1 ...
The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant to the conditions set forth in the Energy Policy and Conservation ...
NEW YORK, April 12 (Reuters) - The Biden administration plans to refill the U.S. Strategic Petroleum Reserve soon, and hopes to refill it at lower oil prices if it's advantageous to taxpayers during ...
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a group photo during the G20 Summit in Osaka in 2019. (Photo by DOMINIQUE JACOVIDES/AFP via Getty Images) China is ...
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