- Analytics
- News and Tools
- Market News
- US SPR Release: Timing of oil stockpile release could be adjusted if prices drop
US SPR Release: Timing of oil stockpile release could be adjusted if prices drop
US Deputy Energy Secretary David Turk said on Wednesday that the timing of the strategic crude oil stockpile release could be adjusted if prices drop, according to Reuters. He added that the US "metric of success" is affordable consumer fuel prices, not how quickly oil stockpiles can be released. China, other countries could also time their releases based on oil prices, he said, before adding that the Biden administration will continue to consider other tools to manage energy prices including a potential oil export ban.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
