STRATEGIC PETROLEUM RESERVE (SPR)

What is STRATEGIC PETROLEUM RESERVE (SPR)?

STRATEGIC PETROLEUM RESERVE (SPR) meaning in finance terminology / glossary / dictionary is:
A crude oil storage supply kept by the government of a particular country or by private industries to be used during an emergency energy crisis. The US SPR is the largest emergency supply in the world.

 

reference: Sapient Global Market: 2014 GLOSSARY OF FINANCIAL TERMS

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