U.S. To Begin 86-Million-Barrel SPR Dump Next Week Via Exchange Program

U.S. To Begin 86-Million-Barrel SPR Dump Next Week Via Exchange Program

U.S. To Begin 86-Million-Barrel SPR Dump Next Week Via Exchange Program The speed of the energy shock rippling out from the U.S.-Iran conflict in the Middle East and the near-paralysis of the Strait of Hormuz forced the 32-member IEA last week to approve a 400-million-barrel release from Strategic Petroleum Reserves to help cushion the blow to the global economy. The bulk of that supply will come from the U.S., with the Trump administration preparing a request to exchange 86 mil...

By Tyler Durden