White House Leaves Door Open For Additional SPR Releases

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the nation’s Strategic Petroleum Reserves. According to the Energy Department’s deputy secretary David Turk, “We still have some additional ability to use the Strategic Petroleum Reserve over the coming weeks and months as needed.” The comments, made at an Axios-hosted event on energy reliability, come as the Biden Administration is winding down its release of 180…