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Will Trump Fill Strategic Petroleum Reserves 'Right to the Top'?
Will Trump fill Strategic Petroleum Reserves (SPR) ‘right to the top’? That was one of the questions asked in a Q&A format research note by BMI, a unit of Fitch Solutions, which was sent to Rigzone recently by the Fitch Group. Offering a response in the note, BMI analysts said, “oil storage levels will rise under Trump, but probably at a slower pace than his rhetoric would suggest”. “There are logistical constraints to consider, with the American Petroleum Institute (API) estimating strategic reserves would take at least 19 months to replenish,” they added. The analysts stated in the note that it ... (full story)