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Hurricane Isaias kills four in US Southeast; DOE releases 4M barrels from strategic reserve
ERT NewsLO·US·2 days ago
The US authorized a 4-million-barrel SPR drawdown to offset supply disruptions from Hurricane Isaias, while Russia partially lifted its diesel export ban, releasing 500,000 tons to global markets. The SPR release is a modest, targeted response to a weather-driven supply shock, and the Russian move signals a partial reversal of its earlier export restrictions. Together they add supply to a market facing hurricane-related outages, but the volumes are small relative to global demand.
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