Scant Interest for Additional US SPR Sales

摘要

Regular sales from the US Strategic Petroleum Reserve (SPR) have delivered a steady stream of crude oil to the market in 2021, but reOners have so far shown limited interest in taking additional oil that would need to be returned to the storage facility. The Biden administration’s 50 million barrel release from SPR inventories on Nov. 24 is meeting a market that is well supplied and facing a surplus in the Orst half of 2021 — after cranking crude up to $82 per barrel earlier in November on fears that winter was going to be tight.