US begins SPR repurchasing plan as oil prices crash

THE US Energy Information Administration reported on Friday that 4.7 million barrels of crude oil left the Strategic Petroleum Reserves in the week ending December 9 as the US has started the process of refilling the nation’s SPR.

US begins SPR repurchasing plan as oil prices crash US begins SPR repurchasing plan as oil prices crash US begins SPR repurchasing plan as oil prices crash US begins SPR repurchasing plan as oil prices crash US begins SPR repurchasing plan as oil prices crash
While 3 million barrels is a far cry from the 211 million barrels released so far this year, the gesture could be seen by some in the industry as proof that the Biden Administration intends to keep