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Speculation continues as US Strategic Petroleum Reserve faces uncertain future

US Policy

Energy Transition

Platts Global Integrated Energy Model

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

Energy | Energy Transition | Natural Gas | Natural Gas (North American) | Oil | Crude Oil

CERAWEEK: US lawmakers dismiss oil leasing pause, tout energy independence

Metals

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Listen: Speculation continues as US Strategic Petroleum Reserve faces uncertain future

Foreign governments cannot believe how much the US spends to store government-owned gasoline. The Department of Energy no longer plans to establish a dedicated marine terminal to ship out its emergency crude. And despite record-breaking US oil output, there is still a need for millions of barrels to be kept in storage.

On this week's Platts Capitol Crude, Ken Vincent, the chief of staff with the DOE's Office of Fossil Energy, talks exclusively about the Strategic Petroleum Reserve as speculation ramps up that the Trump administration may be considering a release from government oil stocks.

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Debate continues over the future of the US Strategic Petroleum Reserve as US oil output breaks records