1. US Department of Energy announced yesterday offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing President Trump's complaint that oil prices were too high. Instead, the sales are part of the fiscal compromise in 2015 budget legislation and the health care act of 2016. 2. The Strategic Oil Reserves was established in after the 1970s oil embargo. It can hold over 700 mln barrels. It had been tapped to ease emergencies like the aftermath of Hurricane Katrina (2005) or supply shocks, like the ... (full story)