No. 07



US To Add 28Mn Barrels To SPR

The US Government plans to partially re-fill the StrategicPetroleum Reserve (SPR) with federal royalty oil from production in the CentralGulf of Mexico. Secretary of Energy Bill Richardson told the press on 11February that the plan is to add 28mn barrels to the SPR, beginning in April.The initiative is neither intended nor expected to raise the price of oil."We are taking advantage of today痴 low oil prices to re-build our...