However, the Department of Energy is actually still selling oil from the SPR due to congressionally mandated sales and has stated that purchases can't happen at the same time due to logistics.

Source: https://seekingalpha.com/article/4588576-uso-oil-crashing-could-fall-more?source=feed_all_articles

The bill, called HR21, would prohibit the energy secretary from tapping the SPR without producing a plan to increase oil and gas leasing on federal lands – unless the release is for a severe oil supply emergency.

Source: https://financialpost.com/pmn/business-pmn/u-s-energy-chief-says-biden-would-veto-house-republican-bill-on-oil-reserve

The Connors extended their gratitude to Sun Peaks Resort LLP for its integral support of ASSP’s operations, as well as SPR sports director Ian Logan, all of the ASSP instructors and students and their families.

Source: https://sunpeaksnews.com/adaptive-sports-sun-peaks-bids-its-biggest-champions-goodbye/

There are no more releases from the SPR, and China demand will gradually recover post-zero-Covid policy.

Source: https://investmacro.com/2023/01/something-breaks-in-2023/