SPR refill: You can dust it off and try again

Nigeria's Dangote refinery, built at a cost of $20 billion and is Africa's largest, has started exporting naphtha to North Asian markets at a time when the clean tanker market is witnessing prolonged firmness. The naphtha flow from Dangote is adding to the ton-mile demand in the ...  Show more

Economic power-house China has set out 10 targets for 2024, which is pro-growth for oil demand, keen on energy security, and prioritizing accelerated industry modernization and development of new productive forces. In this episode of Platts Oil Markets podcast, Managing Editor fo ...  Show more

The Biden administration announced on Wednesday that its continuing to release oil from the Strategic Petroleum Reserve in an effort to bring down gas prices before the November midterm elections. But the administration is holding back on more dramatic and riskier actions while a ...  Show more

The White House announced a “historic release” of about 180mn barrels of oil from the US emergency stockpile in an attempt to cool oil prices, and the two-year Treasury yield this week rose above the 10-year Treasuries for the first time since 2019. FT markets editor, Katie Ma ...

Charlie documents the breaking news that Joe Biden is moving the release 50 million barrels of the nation's strategic petroleum reserve (SPR) to help ease rising gas prices that are gouging Americans at the pump and sparking increasing inflationary pressures throughout the econom ...  Show more

Read a transcript of this episode on FT.com

https://www.ft.com/content/5074f2b1-fd14-490a-9234-3027d565adc9

President Joe Bi ...