CapitalStars Financial Research Pvt Ltd

CapitalStars

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

Commodity Market Services

Commodity Market Services

In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

Nifty Market Services

Nifty Future Services

We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

Equity Market Services

Equity Market Services

In this service we provide 2-4 intraday stock cash calls in NSE/BSE with a high level of accuracy.You can also avail Free Stock Tips for two days to test our accuracy and if satisfied you can join stock cash services with Capital Stars. Read More

Register now

CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Saturday 10 December 2016

U.S. slated to sell $375 million of emergency reserve oil this winter - 10 Dec 2016

Commodity Market Updates

The U.S. government is slated to sell $375 million worth of crude oil from the country's emergency reserve this winter after Congress passed a temporary spending bill on Friday that contained a measure authorizing the sale.

President Barack Obama's administration has pushed Congress to approve an up to $2 billion plan for a revamp of the Strategic Petroleum Reserve, a string of heavily guarded underground salt caverns along the Gulf of Mexico filled with crude. The stash currently holds about 695 million barrels of oil.

A Department of Energy spokeswoman said authorization in the spending bill "will allow the Department to take necessary steps to increase the integrity and extend the life" of the reserve.

Congress passed the original funding for the reserve after the 1973 to 1974 Arab oil embargo to protect the country from global supply disruptions that have the potential to spike domestic fuel prices and damage the U.S. economy.

Many of the reserve's steel tanks and pumps are now rusting after decades of being whipped by storms and exposed to salt air. A plan submitted to Congress by the Energy Department in September said "this equipment today is near, at, or beyond the end of its design life."

In addition, the U.S. oil boom of the last decade has reversed the direction of many pipelines away from the reserve, making it more difficult to get oil to market in a hurry.

The $375 million sale, or nearly 7.3 million barrels of oil in today's price, is just the first planned installment. For each of the next three fiscal years Congress would have to approve the annual sales to reach the up to $2 billion revamp plan. It remains to be seen whether President-elect Donald Trump would urge Congress for the annual authorizations in the coming years.

This sale, which could take place seven to nine weeks after the temporary spending bill is enacted, would pay for the design of the revamp of the SPR and other pre-construction costs. Further sales would pay for construction of new equipment and new marine terminals to allow the reserve greater capacity to ship oil by vessels.


 Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-

Commodity Market Tips
Equity Tips
Share Market Tips



* Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

0 comments:

Post a Comment