US Energy Secretary Wright says there could be another release from the strategic petroleum reserve, but thinks that is highly unlikely, via CNBC TV

The statements from US Energy Secretary Wright suggest a potential for further action from the US regarding oil prices, although he deems another release from the strategic petroleum reserve as unlikely.

Newsquawk StaffPublished 23 Mar 2026, 15:03 UTCOn the live feed at 14:43 UTC — 7 more headlines followed before this page went public

Newsquawk headlinesUTC

14:48

Tasnim, citing a military source, says Iran has new surprises in the coming days and their implementation will have massive results, via Al Jazeera

14:46

UK PM Starmer says the government is working with the defence industry to distribute air defence missiles to Gulf partners and deploy short range air defence systems to Bahrain

14:43

US Energy Secretary Wright says there could be another release from the strategic petroleum reserve, but thinks that is highly unlikely, via CNBC TV

14:42

ADNOC Chief says it is keen to expand hard infrastructure investments, including storage, liquification, and regasification plants, according to remarks at CERAWeek

14:41

JPMorgan (JPM) starts a USD 8bln junk-bond sale for its EA buyout

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

There are things the US can do on refinery efficiencies to help knock down fuel prices.
Looking at more levels we can pull to deal with the price of oil.
Has some ideas to bring more diesel to the market, and I think we will see that happen.
Does not want to block exports of US oil.

Context

His focus on refinery efficiencies and increasing diesel supply indicates a desire to mitigate rising fuel costs without curtailing oil exports, which may lend support to oil prices in the near term. Overall, this stance reflects ongoing efforts to balance domestic energy costs with market dynamics.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/2 Sept · 18:19 UTC

US President Trump says renewed campaign against Iran will not continue for too long; oil prices will come down.

Brent (V6), after we published−0.8%

ENERGY/2 Sept · 11:13 UTC

Saudi Foreign Ministry says it has urged all parties to remain calm, halt escalations and respect international law and return to negotiations

WTI crude, after we published−0.6%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.