RE:Another delusional dim mistake 1/2 million a day is max My post from earlier today. In case you missed it.
Not sure anyone has figured this out yet..re: SPR rate
I was looking at the last 3 months and the comment from Trafigura....I have not heard anyone talk about this yet but won't we run into a differential? The US is already pulling daily from the SPR....I'm not sure on the recent statement they can actually do what they so?
Trafigura Statement
"SPR can likely only deliver 400-500kbpd of oil according to Trafigura h/t"
Q1 so far
SPR release ~ 26.2 million barrels = 287k bopd
Remaining Bandwidth 113-213k bopd
How long until people start talking about this??
fortunefavorsus wrote: Can only likely meet 1/2 million day from SPR. Maybe a little higher if they work at it. So there will still be draws and higher oil prices once realitiy sinks in that nobody is going to push production with this manipulation from politicians for their benefit.
Spr daily release capacity around 500k to 600k .api analyst on fbn...eom