22:27 lunedì 27.06.2022

Rassegne stampa

Home   >>  Rassegna stampa   >>  Articolo
U.S. to sell up to 45 mln bbls oil from reserve as part of historic release
From Reuters
16-06-2022 - WASHINGTON, June 14 (Reuters) - The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration's previously announced,largest-ever release from the stockpile.
Deliveries of crude from the SPR sale would take place from Aug. 16 through Sept. 30, the Energy Department said.
The Biden administration said in late March it would release a record 1 million barrels of oil per day of oil for six months from the SPR, held in a series hollowed-out salt caverns on the coasts of Louisiana and Texas.
The release was meant to help control oil prices that spiked after Russia, one of the world's top petroleum producers, invaded Ukraine and as the West imposes sanctions on Moscow.
Prices for global benchmark Brent crude have marched higher since the March 31 announcement to trade above $120 a barrel. The rise has come as few global oil producers have spare capacity while consumers emerging from the pandemic drive fuel demand.
Biden administration officials have said the oil price could be higher if the SPR had not been tapped. But the release has also driven the level of the reserve to the lowest point since 1987, adding to worries about tight global oil markets despite the United States having more in the stockpile than required under international agreements.
Oil contracts from a previous SPR sale announced on May 24 were awarded to nine companies, including Valero (VLO.N), Exxon Mobil (XOM.N) and Marathon Petroleum (MPC.N), the Energy Department said.
//www.reuters.com/business/energy/us-sell-up-45-mln-bbls-oil-reserve-part-historic-release-2022-06-14/

Redazione
 
  
  Rassegne stampa
26-06-2022 - In response to the powerful earthquake that struck southern Afghanistan early morning of 22 June, the European Commission is allocating €1...
16-06-2022 - KABUL (Pajhwok): Russia has hinted at recognising the Taliban government if the movement brings inclusivity to its administration. Moscow would take...
16-06-2022 - JALALABAD (Pajhwok): At least 3,000 tons of talc stone was exported to foreign countries from eastern Nangarhar province during the past nine months,...
15-06-2022 - L’agenzia di stampa internazionale Reuters ha pubblicato un articolo dal titolo “La protesta delle banche cinesi fermata dai codici sanitari che...
15-06-2022 - Ormai non passa giorno in cui non si parli di energia: dal caro bollette ai timori per il futuro, tutto sembra ruotare intorno ai problemi di approvvigionamento...