Bloomberg April 19 - US shipping SPR to EuropeI wonder how people in the US will feel about this....lower gas prices? Nope
https://www.bloomberg.com/news/articles/2022-04-18/texas-port-sends-strategic-u-s-oil-to-europe-amid-supply-crunch Oil From U.S. Strategic Reserve Heads for Europe Amid Global Supply Crunch
BySheela Tobben and Joe Carroll
April 18, 2022, 7:04 PM EDTUpdated onApril 19, 2022, 12:30 AM EDT
A cargo of crude from the U.S. Strategic Petroleum Reserve departed a Texas port bound for Europe, a signal of increasing oil-market disarray as refiners shun Russian supplies and prices surge.
The rare export of strategic U.S. barrels is evidence of the ever-widening search for crude to replace Russian cargoes seven weeks after President Vladimir Putin’s invasion of Ukraine triggered international revulsion and sanctions. With the global oil benchmark trading above $110 a barrel, traders and refiners also are trying to cope