Amrita Sen of Energy Aspects reports that investors are concerned that the US
Sure Shot Academy
By neha
october,18,2022
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The forecast follows OPEC+'s earlier this month decision to reduce its output quota by 2 million
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which sparked speculation that the White House could respond with additional SPR releases to lower prices.
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Sen told CNBC on Monday that the government was considering an emergency release of up to 100 million barrel
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The 180 million barrel SPR reduction goal that the Biden administration stated
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she pointed out that the SPR is created to solve supply shortages in an emergency
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180 million barrels of SPR this year and had also released around 30 million barrels the previous year.
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the SPR is currently "definitely being used to keep prices lower."
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