US Energy Secretary Granholm spoke with Reuters, main points:
- US could boost the rate of replenishing strategic petroleum reserve as maintenance work at two sites winds down
- Work at SPR will be finished by the end of year
- Creating a strategic resilience reserve for stockpiles of critical minerals with allies to help energy transition a good idea
- US talking with allies on critical minerals production, stockpile goals, could release details 'soon'
- Global oil market well stocked, feels comfortable that there will be no huge increase in oil and gas prices in 'next short while'
- Even OPEC countries recognize there is only so much they can do to manipulate oil prices
- 'We should all be concerned' about oil industry consolidation
- US aims to complete lng export review in q1 2025
- Doesn’t expect permitting pause to damage US competiveness in global LNG market
Earlier on oil:
Oil update:
