The Trump administration is considering a release from the US Strategic Petroleum Reserve that would be timed to coincide with the imposition of possible sanctions on Venezuelan oil exports, sources familiar with the administration’s thinking said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The SPR release would be aimed at blunting the impact of the loss of roughly 500,000 b/d of Venezuelan crude on US Gulf Coast refiners if strict sanctions were imposed, sources said. These sources cautioned, however, that administration officials had made no decision on an SPR release, nor had they made a decision on whether or not to impose sanctions on Venezuela’s oil sector. An SPR release coupled with oil sanctions was simply one of the options being considered by the Trump administration, the sources said. A release from US government oil stocks is likely to receive some […]