09
May
19:45
SPR replenishment will not stimulate OCTG consumption: sources
Participants in the US OCTG market say federal replenishment of the Strategic Petroleum Reserve (SPR) will not result in enough extra short-term demand to stimulate more energy tubulars consumption.
The US Department of Energy (DOE) has announced that it is soliciting over 3 million barrels of oil for delivery back into the US’s emergency reserve. The federal government drew down the SPR in response to the global energy shock resulting from Russia's inva…
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Anonymous
Very good overview of the weekly steel market.
Anonymous