The SPR Refill Could Start This Year ...Middle East

OILPRICE - Economy
The SPR Refill Could Start This Year
source : OILPRICE ( Middle East ) () 39
Just days after she suggested refilling the strategic petroleum reserve could take years, Energy Secretary Jennifer Granholm has said that buying for the SPR could begin this year. "We will begin that process this year but to refill the full amount is impossible to do in one year," Granholm said, as quoted by Reuters, noting that two storage sites for the SPR were undergoing maintenance, which has constrained their capacity. Granholm then added that the process of buying back oil would depend on the price of oil and the return of more than…

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