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19 Oct 2022
US President Joe Biden: US is to sell 15 mln bbls of crude oil from the SPR
US President Joe Biden said the US is to sell 15 million barrels of crude oil from the SPR.
Key notes
- Could also make extra oil available for sale if needed.
- To refill SPR when us oil prices are ‘at or below $72/bbl’.
- More to come...