World Perspectives

Strategic Petroleum Reserve Policy: Buy High, Sell Low

The U.S. Department of Energy is beginning to award contracts for sales of crude oil from the Strategic Petroleum Reserve (SPR), which will continue for the next nine years in an effort to update its infrastructure and shrink the supply.The U.S. Department of Energy (DOE) is now awarding contracts for sales of crude oil from the Strategic Petroleum Reserve (SPR) in accordance with several legislative directives over the past two years. As of 20 January, the SPR held 695 million barrels or approximately 97 percent of its 713 million barrel capacity. The oil inventory consists of 266 million barrels of sweet crude and 429 million of sour crude. The legislation directing SPR sales includes the following:

The FY 2017 continuing resolution, p...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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