US plans to reduce its Strategic Petroleum Reserve

US plans to reduce its Strategic Petroleum Reserve
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01.12.2021

MOSCOW (MRC) -- On Tuesday, November 23, the White House announced plans to make 50 MM bbl of crude oil available to the market through a combination of exchanges and accelerating previously announced sale, according to Hydrocarbonprocessings. With these sales and several other legislated drawdowns, SPR inventories could decline from 618 MM bbl (as of October 1, 2021) to about 314 MM bbl

Full article at mrcplast.com

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