Rystad Energy’s senior oil markets analyst examines the situation. If the U.S. doesn’t get OPEC+ to respond to its pledge for more output, it has its own arsenal of tools to deploy to battle high prices of refined oil products. That’s according to Rystad Energy’s senior oil markets analyst Louise Dickson, who made the statement in a comment sent to Rigzone on Monday. “We could see a short-term bump of strategic petroleum reserves, export bans on particular products during the energy crunch, or perhaps a faster march toward monetary tightening and a stronger dollar, which would provide some downward pressure on prices and potentially alleviate any economic growth barriers of oil prices above $80 Brent,” Dickson said in the statement. “Nevertheless, a release of Strategic Petroleum Reserves (SPR) from the U.S. would likely only have a temporary bearish effect on prompt prices and is not a lasting solution for […]

Posted in: USA