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Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil
Source: reuters.com
Energy Markets & PricesGeopolitics & WarSovereign Debt & RatingsTrade Policy & Supply Chain
Trump said oil from a recently struck Venezuela deal will be used to replenish the Strategic Petroleum Reserve after sharp drawdowns tied to global supply disruptions and high fuel prices. The move is supportive for SPR supply/market expectations but is still contingent on deal execution and delivery timelines.
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