U.S. COULD RELEASE MORE OIL FROM SPR Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a "very real possibility" as higher oil prices and steep futures backwardation boost demand for barrels. The DOE has already loaned more than 130 million barrels from the 172 million-barrel drawdown authorized in March, with roughly 38.5 million barrels still available.
U.S. COULD RELEASE MORE OIL FROM SPR Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a "very real possibility" as higher oil prices and steep futures backwardation boost demand for barrels. The DOE has already loaned more than 130 million barrels from the 172 mill