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

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

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

France Finance Minister Lescure: We Are Ready To Take Action To Stabilize Markets
- Ready To Use Strategic Oil Reserve To Stabilise Market
- G7 Finance Ministers Ready To Take All Measures
- G7 ‘Not There Yet’ On Releasing Oil Stockpiles#OOTT
— LiveSquawk (@LiveSquawk) March 9, 2026

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Mar 9, 2026 9:58am

Quoting Subdude

Disliked

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.

Ignored

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."

Mar 9, 2026 10:10am

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).

Mar 9, 2026 11:14am

Quoting The Fool

Disliked

{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...

Ignored

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.

Mar 9, 2026 9:07am

btfd US stocks, all you need to know

Mar 9, 2026 10:18am

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....?

Mar 9, 2026 7:54am

What happens when the strategic reserves are depleted ?

Asking for a friend

Mar 9, 2026 9:42am

yes, let the people suffer a bit first

Mar 9, 2026 9:23am

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.

Mar 9, 2026 7:53am

So all affected nations start releasing their reserve.. next is US grabbing Iran oil and selling in premium hmmm...

Mar 9, 2026 7:09am

Perfect timing

Trader#37CD

Mar 9, 2026 7:21am

Dont stabilize markets i need my tp to be hit first

1

Mar 9, 2026 7:21am

no setup for today

1

Mar 9, 2026 7:10am

fake

Mar 9, 2026 7:11am

SL got Hit by ts !

Mar 9, 2026 7:19am

Why a feel that this news is not official and it's will change soon?

Mar 9, 2026 7:21am

Ready to use and yet 'Not there yet'. France ready but whole G7 not?
Hmm, which is it?

Mar 9, 2026 7:22am

Mfker news , acc breached

Mar 9, 2026 7:23am

Acc breached because of this

Mar 9, 2026 7:38am

Quoting DriForex

Disliked

no setup for today

Ignored

At All

Trader#DD39

Mar 9, 2026 7:09am

Trader#DD39

Mar 9, 2026 7:10am

son what the fuck

Trader#49C4

Mar 9, 2026 7:11am

Bro i got stopped out by this shit

Trader#F8A0

Mar 9, 2026 7:12am

Honestly can't belive for anyone, and less for a single Twitter

Trader#E14A

Mar 9, 2026 7:12am

125 today

Trader#294C

Mar 9, 2026 7:16am

omg what a disappointment, are they nuts? Those beurocracts have no sensitivity and reality checks........

Trader#6E4C

Mar 9, 2026 7:18am

i just exit my position, out of fear of loosing my profits

Trader#CD16

Mar 9, 2026 7:28am

Peteoleum barrel

Trader#2AB6

Mar 9, 2026 7:34am

nq chop fest

Trader#E677

Mar 9, 2026 7:36am

price action ahh

Trader#0737

Mar 9, 2026 7:42am

Bitch ass news

Trader#5987

Mar 9, 2026 8:35am

Trader#AAC3

Mar 9, 2026 7:17am

Best news ever, went straight to my TP and further. Love yall.

1

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Mar 9, 2026 7:06am
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