Oil prices slip as US postpones refilling reserves

Mar 24th 2023 12:31pm EDT

It will be difficult to take advantage of low prices this year to add to stockpiles, US energy secretary says Oil prices slumped on Friday on concerns of oversupply after US Energy Secretary Jennifer Granholm announced that replenishing the country’s Strategic Petroleum Reserve (SPR) may take several years. Major global benchmarks were down more than […]

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