US rules out sanctions-related SPR release

摘要

The US is not planning to tap into emergency petroleum stocks to ease concerns over the impact of oil sanctions on Iran, energy secretary Rick Perry says. 'If you look at the Strategic Petroleum Reserve (SPR) and if you were to introduce it into the market, it has a fairly minor and short-term impact,' Perry says. The US administration will begin enforcing sanctions on Iran’s oil exports on 5 November. The measures have already forced many buyers to halt or limit their purchases. Iranian crude loadings fell to 1.8mn b/d in the first two weeks of September, down by 400,000 b/d from the first half of this year, Argus estimates.