The uncertain impact of an SPR release

During September, speculation about a possible withdrawal from the US Strategic Petroleum Reserve hit boiling point. Although such a release now appears to be unlikely, Jay Maroo investigates the impact any future withdrawal might have on oil traders and hedgers

Strategic petroleum reserves

The US is the world’s largest consumer of oil, so it makes sense that the country should also have the world’s largest strategic reserves. The maximum capacity of the US strategic petroleum reserve (SPR) is a massive 727 million barrels of crude oil – and as of October 26, it held 694.9 million barrels, according to the US Department of Energy. Distributed among four storage sites along the Gulf of New Mexico, the stockpile provides the country with a “powerful response option should a

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Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

2021 brings big changes to the carbon market landscape

ZE PowerGroup Inc. explores how newly launched emissions trading systems, recently established task forces, upcoming initiatives and the new US President, Joe Biden, and his administration can further the drive towards tackling the climate crisis

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