Thursday, June 5, 2025
Cushing oil storage tanks -oilandgas360

DOE Announces Sales from Strategic Petroleum Reserve

First sales of largest SPR drawdown in history The DOE awarded contracts for the sale of 6.4 million barrels of crude from the Strategic Petroleum Reserve (SPR) yesterday, with additional future sales planned. Contracts were awarded to Shell Trading Company and Phillips 66 Company with deliveries scheduled for March and April. Multiple acts of congress in the past two years