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Sure it is. It's adding to global supply. "Keeping to down" is relative

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In Reply to: RE: Rationing isn't contingent on SPR volumes. posted by emailtim on July 02, 2022 at 11:54:16

Will an extra 1mmbpd knock the world price down $10/bbl? Absolutely not. But it will exert some downward pressure on prices. FWIW, I think it's a mostly political move Tim and on that we likely agree.

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