The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports The DoE isn’t considering tapping the SPR “at this time” Goldman Sachs: SPR release would have limited impact on crude prices The U.S. Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports, Bloomberg’s Javier Blas reported on Twitter. According to Blas , the DoE isn’t considering tapping the SPR “at this time”. The news comes shortly after Goldman Sachs estimated that if the DoE released oil from the SPR, it would likely be limited to just 60 million barrels—posing a $3 downside risk to its year-end $90 barrel Brent forecast. A White House press briefing took a similar no-SPR tone. The Biden Administration will […]