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In 2022, the Biden administration sold 180 million barrels of oil from the Strategic Petroleum Reserve over 6 months. The sale lowered the SPR to its lowest levels in 40 years and was the largest ever release of oil from the SPR. [10] SPR drawdowns continued into 2023, lowering the SPR by 45% from January 2021. [14]
The Czech SPR is equal to 100 days of consumption or 20,300,000 barrels (3,230,000 m 3). [45] Denmark has a reserve equal to 81 days of consumption (about 1.4 million tonnes). [46] Not counting reserves held by the military defence. Finland has an SPR with an approximate size of 62,400,000 barrels (9,920,000 m 3). [47]
The 2022 sale of 180 million barrels over six months was the biggest sale ever from the SPR. It helped to counter U.S. gasoline prices that spiked to record prices of more than $5 a gallon in June ...
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Yet he’s worried that a truly systems-level conflict—like “a war between the U.S. and China”—would have a “devastating effect on financial markets and supply chains.”
Indian Strategic Petroleum Reserves Limited (ISPRL) is an Indian public sector company responsible for maintaining the country's strategic petroleum reserves.ISPRL is a wholly owned subsidiary of the Oil Industry Development Board (OIDB), which functions under the administrative control of the Ministry of Petroleum and Natural Gas.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Surface plasmon resonance (SPR) Surface plasmon resonance (SPR) is a phenomenon that occurs where electrons in a thin metal sheet become excited by light that is directed to the sheet with a particular angle of incidence, and then travel parallel to the sheet. Assuming a constant light source wavelength and that the metal sheet is thin, the ...