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Tuesday, 24 May 2022

SPR Tracking

There seems to be confusion on the SPR news that has been published. I put together a chart to track the news and quantities announced

Sections

1. Whitehouse confirmation (April 7th link below)

2. DOE announcement (April 1st link below)

3. 1st DOE sale notice 40m (May 24th)

4. We should still see  2nd DOE sale notice for 30m (that completes the May-Jul Whitehouse announcement)

5. We should see later a 3rd DOE sale notice for the 90m (that completes the Aug-Oct Whitehouse announcement)


The process is WH/DOE announcements follow by sale. Today was a "portion" of the May-Jul release previously announced


Hopefully this helps clear it up for some.







Whitehouse April 7th, 2022

https://www.whitehouse.gov/briefing-room/statements-releases/2022/04/07/statement-by-press-secretary-jen-psaki-on-unprecedented-iea-release-following-president-bidens-spr-announcement/?utm_source=twitter

DOE April 1st, 2022

https://www.energy.gov/articles/doe-announces-second-emergency-notice-sale-crude-oil-strategic-petroleum-reserve-address