The Biden administration’s inconsistent approach to the Strategic Petroleum Reserve (SPR) has raised concerns and intensified skepticism among oil producers and tanker owners. Initially, the White House proposed refilling the…
https://gcaptain.com/biden-leaves-market-unclear-about-strategic-oil-reserve/
A recent news article published in the Bunker Post states that Oil could slow as supply risks return to fore.
Recent oil price declineA recent oil price decline could slow in the last quarter of the year and into 2023 as focus shifts from concerns over a recessionary hit to demand to tightening global supply, a Reuters poll showed.
A survey of 42 economists and analysts forecast benchmark Brent crude would average $100.45 a barrel this year, and $93.70 in 2023, down from estimates of $103.93 and...
https://mfame.guru/oil-prices-could-stabilise-as-supply-risks-reemerge/
By Arathy Somasekhar (Reuters) – U.S. President Joe Biden’s administration is weighing the need for further releases of crude oil from the nation’s emergency stockpiles after the current program ends in October, Energy…
The U.S. Department of Energy has announced the sale of 30 million barrels of oil from the Strategic Petroleum Reserve (SPR), the first since President Biden announced plans for the…
https://gcaptain.com/first-sale-historic-strategic-petroleum-reserve-release/
WASHINGTON, March 31 (Reuters) – President Joe Biden on Thursday will announce the release of 1 million barrels of oil a day for the next six months from the U.S. Strategic Petroleum…
https://gcaptain.com/biden-strategic-petroleum-reserve-release/
The release of crude oil from the U.S. Strategic Petroleum Reserve, announced Tuesday by the Biden administration, comes at a time when the price of gasoline has become a major political issue and when there are some signs oil markets are setting up for a steady decline.
The U.S. will release 50 million barrels of oil from the Strategic Petroleum Reserve (SPR), a storehouse of oil that was created in the 1970s as protection against disruption of oil supplies. The overriding fear when the SPR was...
https://www.freightwaves.com/news/reserve-oil-being-released-into-market-that-may-have-peaked
By Timothy Gardner WASHINGTON, Sept 9 (Reuters) – The U.S. Energy Department said on Thursday it has approved a second loan of 1.5 million barrels of oil to Exxon Mobil…
Australia and the United States have signed a milestone arrangement to bolster Australia’s access to emergency oil supplies in the event of a major global disruption. As informed, the arrangement…
https://worldmaritimenews.com/archives/292416/australia-reaches-fuel-security-arrangement-with-us/