News and Opinion: December 16, 2022. Oil Prices Increase After Announcement of Repurchase for the Strategic Petroleum Reserve
The US government has announced a repurchase of 3 million oil barrels for the Strategic Petroleum Reserve (SPR). This will materialize in February. After the announcement, oil prices increased. Brent crude
News and Opinion: October 18, 2022. United States Draining More Oil From the Strategic Petroleum Reserve
The government of the United States has decided to further draw more oil from the Strategic Petroleum Reserve (SPR). This is done in order to protect oil prices in the international market and to try to