France Finance Minister Lescure: G7 ‘Not There Yet’ On Releasing Oil Stockpiles | Metals Mine

  • France Finance Minister Lescure: G7 ‘Not There Yet’ On Releasing Oil Stockpiles

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The Fool
Mar 9, 2026 11:58am
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Quoting Subdude
They can't actually release anything anyway - all they can do is incentivize producers to ship more oil to refiners. It's more of a regulatory measure than an action.
https://www.energy.gov/hgeo/opr/stra...roleum-reserve

My understanding is that the POTUS or the Sec of Energy can release oil from the SPR into the downstream supply (or take in excess from same) in order to directly influence the price of oil thru supply/demand dynamics.

"The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. The federally-owned oil stocks are stored in huge underground salt caverns at four sites along the coastline of the Gulf of America. The sheer size of the SPR (authorized storage capacity of 714 million barrels) makes it a significant deterrent to oil import cutoffs and a key tool in foreign policy.

SPR oil is sold competitively when the President finds, pursuant to the conditions set forth in the Energy Policy and Conservation Act (EPCA), that a sale is required. Historically, the President has authorized emergency releases from the SPR on four occasions.

Additionally, the Secretary of Energy may authorize limited releases in the form of exchanges with entities that are not part of the Federal Government. This authority allows the SPR to negotiate exchanges where the SPR ultimately receives more oil than it released; thereby acquiring additional oil. With the exception of the 2000 Heating Oil Exchange, the SPR has entered into negotiated contracts at the request of private companies in order to address short-term, emergency supply disruptions to a refiner's normal operations on several occasions."
Vancarbon
Mar 9, 2026 12:10pm
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What’s the drawdown on the strategic reserves ?

If not replenished, global strategic oil reserves—designed as a temporary cushion for emergencies rather than a long-term supply—would last for a very short period, with estimates suggesting they could be depleted in less than one month (roughly 20 to 27 days) in a scenario of massive, sustained global disruption (e.g., closing the Strait of Hormuz).
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Subdude
Mar 9, 2026 1:14pm
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Quoting The Fool
{quote} https://www.energy.gov/hgeo/opr/stra...roleum-reserve My understanding is that the POTUS or the Sec of Energy can release oil from the SPR into the downstream supply (or take in excess from same) in order to directly influence the price of oil thru supply/demand dynamics. "The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international...
The SPR is a U.S. only entity and not under control of G7 - whatever oil reserves they have are separate from SPR. Like everything else with this insane murderous regime in charge of America, the idea that U.S. would somehow help with the global oil supply/demand imbalance by releasing oil from SPR is ludicrous. The oil in SPR is produced largely domestically, and as it stands, there's no shortage of American oil on the market - its supply is not constrained by production capacity but rather economics. The issue is that it's not of the same chemical composition as the oil from GCC (think shale vs middle Eastern origin), and it needs to be shipped across oceans.
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The Fool
Mar 9, 2026 11:07am
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btfd US stocks, all you need to know
The Fool
Mar 9, 2026 12:18pm
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well, btw, I will not say I'm shocked, but /ES was down 150 overnight, and has erased almost all of that. So, really,....wtf....?
Vancarbon
Mar 9, 2026 9:54am
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What happens when the strategic reserves are depleted ?

Asking for a friend
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Polimini
Mar 9, 2026 11:42am
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yes, let the people suffer a bit first
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Subdude
Mar 9, 2026 11:23am
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They can't actually release anything anyway - all they can do is incentivize producers to ship more oil to refiners. It's more of a regulatory measure than an action.
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Biron
Mar 9, 2026 9:53am
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So all affected nations start releasing their reserve.. next is US grabbing Iran oil and selling in premium hmmm...
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frioslegend
Mar 9, 2026 9:09am
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Perfect timing
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Trader#37CD
Mar 9, 2026 9:21am
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Dont stabilize markets i need my tp to be hit first
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DriForex
Mar 9, 2026 9:21am
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no setup for today
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ddolkonga
Mar 9, 2026 9:10am
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fake
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Godfvth3r
Mar 9, 2026 9:11am
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SL got Hit by ts !
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farkasrichar
Mar 9, 2026 9:19am
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Why a feel that this news is not official and it's will change soon?
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poetanian
Mar 9, 2026 9:21am
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Ready to use and yet 'Not there yet'. France ready but whole G7 not?
Hmm, which is it?
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kunalgowda5
Mar 9, 2026 9:22am
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Mfker news , acc breached
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kunalgowda5
Mar 9, 2026 9:23am
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Acc breached because of this
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DrkDanny
Mar 9, 2026 9:38am
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Quoting DriForex
no setup for today
At All
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Trader#DD39
Mar 9, 2026 9:09am
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Trader#DD39
Mar 9, 2026 9:10am
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son what the fuck
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Trader#49C4
Mar 9, 2026 9:11am
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Bro i got stopped out by this shit
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Trader#F8A0
Mar 9, 2026 9:12am
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Honestly can't belive for anyone, and less for a single Twitter
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Trader#E14A
Mar 9, 2026 9:12am
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125 today
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Trader#294C
Mar 9, 2026 9:16am
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omg what a disappointment, are they nuts? Those beurocracts have no sensitivity and reality checks........
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Trader#6E4C
Mar 9, 2026 9:18am
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i just exit my position, out of fear of loosing my profits
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Trader#CD16
Mar 9, 2026 9:28am
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Peteoleum barrel
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Trader#2AB6
Mar 9, 2026 9:34am
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nq chop fest
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Trader#E677
Mar 9, 2026 9:36am
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price action ahh
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Trader#0737
Mar 9, 2026 9:42am
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Bitch ass news
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Trader#5987
Mar 9, 2026 10:35am
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Trader#AAC3
Mar 9, 2026 9:17am
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Best news ever, went straight to my TP and further. Love yall.
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