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US Strategic Petroleum Reserve Hits 43-Year Low Amid Trump's Efforts to Tame Gas Prices
The U.S. Strategic Petroleum Reserve has reached its lowest level in 43 years, as President Trump aims to reduce gas prices. Trump also dismissed rumors that the U.S. is paying Iran $300 million as 'fake news'.
15 Jun, 20:15 — 16 Jun, 00:51
The Story
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Source Diversity
High (67/100)6 sources33/33
Spectrum spread— 3/5 buckets covered17/33
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Geographic diversity— 4 regions17/34
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Sources
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seeking-alphaMixed70d ago
U.S. Strategic Petroleum Reserve hits 43-year low on eve of U.S.-Iran deal
Read full article →wolf-streetMixed70d ago
Government Uses Strategic Petroleum Reserve as Cudgel to Beat Down Oil-Price Mania: Worked for Second Time
A new role for the SPR. It wasn’t designed for that. But the original role to prevent shortages is no longer needed as the US is now awash in its own production and a huge exporter.
By Wolf Richter
Read full article →Coverage Timeline
First report: bloomberg · 15 Jun, 17:02|Full coverage: 6 · 15h|Window: 15h
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