Historic Moment: Biden Drains US Strategic Petroleum Reserve

https://twitter.com/AZgeopolitics/status/1585280450737627137 2020: Trump wanted to fill the SPR…with oil trading about $30 per barrel during Russia-OPEC oil war “Cheap oil from Saudi Arabia, the world’s largest exporter, and the United Arab Emirates is aggravating the pressure on prices after talks …

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[Reuters] Global stocks of petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand for diesel

https://www.reuters.com/markets/commodities/us-diesel-shortages-lift-refining-margins-record-2022-05-10/ Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge …

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