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Post Tagged with: "Strategic Oil Reserves"

Source: Reuters

U.S. suspends oil sale from strategic reserve amid price drop

Reuters

WASHINGTON – The U.S. Department of Energy said on Tuesday it has suspended a sale of up to 12 million barrels of oil from the government’s emergency crude reserve due to the petroleum price drop.

The DOE had announced …

March 10, 2020 - 12:30 pm — Closing Bell Story‎, Crude Oil News, Crude Oil Storage, Energy News, OPEC
Image: Oil & Gas 360

100 Million Barrels of Strategic Oil Reserves to be Sold

Recent U.S. legislation has directed the sale of more than 100 million barrels of oil from the Strategic Petroleum Reserve (SPR) in government fiscal years 2022 through 2027.

Based on legislated sales established in multiple acts of Congress, the SPR …

February 26, 2018 - 2:05 pm — Closing Bell Story‎, Finance, Law, Oil and Gas 360 Articles
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