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Commodities

Trump Says Venezuelan Oil Will Refill U.S. Strategic Petroleum Reserve

Oilprice.com · 2h ago · 🇺🇸 United States

Trump Says Venezuelan Oil Will Refill U.S. Strategic Petroleum Reserve

The United States will use Venezuelan crude to refill the Strategic Petroleum Reserve, President Donald Trump said on Sunday on social media. Describing the move as a “Gift from Venezuela to the People of the United States,” President Trump said the “topping out” will begin soon, as quoted by Reuters. The Strategic Petroleum Reserve has been drawn close to minimum operational levels amid a surge in U.S. crude oil exports in response to the crisis in the Middle East. As of August 21, per Reuters, the SPR held 290 million…

Read the full story at Oilprice.com →

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