US Still Courting Australia To Sell SPR Crude And Storage Space To House It

US Energy Secretary Rick Perry said on Friday that Australia was still in negotiations with the United States to lease space in America’s Strategic Petroleum Reserve, S&P Global Platts reported on Friday. Australia has been looking to fall in line with the crude storage guidelines set by the International Energy Agency which require countries to hold enough oil in reserve to cover 90 days of oil imports. But as of the beginning of August, Australia only held 28 days of crude oil and gasoline.  Australia has argued, however, that…