US Could Begin to Refill the Strategic Petroleum Reserve in Fall, Envoy Says
- Hochstein says timing depends on $70 price, maintenance
- Price cap on Russian oil is ‘in the right place’ — for now
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The US could begin to refill its Strategic Petroleum Reserve as soon at the third quarter of 2023 — if the price is right, the US official responsible for energy diplomacy said.
“I think as we get into the early fall, if prices are in the right place, we are still 100% committed to replenishing the SPR over a period of time,” said Amos Hochstein, the special presidential coordinator for global infrastructure and energy security.