The Biden Administration Plans to Purchase An Additional 6 mb of crude for the SPR
What is the impact? (with 8 charts)
The Biden Administration announced today that it will purchase an additional 6 mb of crude for the Strategic Petroleum Reserves (SPR).
Total purchases this year are 12 mb to be delivered between August and November.
All are US-produced sour crude.
EOA’s Main Takeaway
Keep reading with a 7-day free trial
Subscribe to Energy Outlook Advisors' Newsletter to keep reading this post and get 7 days of free access to the full post archives.