More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

More Oil From U.S. Strategic Petroleum Reserve Heads To Europe

Meanwhile, U.S. crude [oil] is flowing to Europe at rates never seen before.

Two cargoes of high-sulfur crude from the U.S. strategic reserve are headed to Italy and the Netherlands, according to tanker-tracking data and sources briefed by Bloomberg. The tankers have loaded crude at terminals connected to storage caverns of the SPR in Texas and Louisiana.

According to Matt Smith, oil analyst at commodity data firm Kpler, these would not be the last crude exports out of the U.S. SPR to Europe.

In April, some 1.6 million barrels of U.S. crude from the strategic reserve made its way to Europe, Smith told Bloomberg, adding: “That’s the largest amount of SPR crude that’s been shipped to the continent based on historical monthly data.”

NATO´s new world

NATO´s new world

by Jorge Vilches for the Saker Blog

UK Foreign Secretary Liz Truss recently experienced her 15 minutes of glory with a blatant hissy-fit rant policy speech at a London´s Mansion House banquet. She posited that the collective West now needs a global NATO” to pursue geopolitics anew. Publically, Ms Liz Truss tapped her well-known Rule Britannia Anglo-Saxon exceptionalistic mind-set which now would badly require a much larger “lebensraum”. By the way, the Rule Britannia lyrics ´clearly clearly clearly´ let the world know that “…at heaven’s command…Britons never, never, never shall be slaves”. No way, slaves will exist, but Britons should make sure it´s the other way around, see ? So beware… With an AUKUS core, the strategic concept is “all for one, and one for all” just like ´The Three Musketeers´ except that the world´s livelihood is for real, not a novel. Liz Truss is not a cartoon character either, she is today´s United Kingdom Foreign Secretary.