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Oman: OPEC+ Not Worried About Potential U.S. SPR Release
Nov. 16, 2021
Source: Oil Price

Oman: OPEC+ Not Worried About Potential U.S. SPR Release

The OPEC+ group is not concerned about a possible release from the U.S. Strategic Petroleum Reserve (SPR), according to Oman's Energy Minister Mohammed Al-Rumhi cited by FXStreet. U.S. President Joe Biden is considering a possible release from the strategic American crude stockpiles as a way to bring down high gasoline prices. No decision has been made yet amid debates within the Administration, but calls for a release from the SPR have become louder in recent days.

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