U.S. energy secretary Wright stated, "We are talking" about coordinating releases from strategic petroleum.

Mar 9, 2026, 8:36:59 PM UTC(2 hours ago)
Impact: Medium

Affected Assets

  • U.S. energy secretary Wright stated, "We are talking" about coordinating releases from strategic petroleum.
  • U.S. Energy Secretary Wright stated the U.S. is discussing coordinated releases from its Strategic Petroleum Reserve (SPR).
  • The SPR is a crude oil reserve used to stabilize markets during supply disruptions, such as those caused by wars or global instability.
  • The Secretary of Energy can authorize releases, including test sales.
  • The U.S. has coordinated SPR releases with other countries in the past, including China, India, Japan, South Korea, and the UK.
  • The U.S. is obligated to coordinate with the International Energy Agency (IEA) for any releases.

Sources

@DeItaone
From:@DeItaone
US ENERGY SECRETARY WRIGHT SAYS 'WE ARE TALKING' ABOUT COORDINATING RELEASES FROM STRATEGIC PETROLEUM
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