Post Tagged with: "Strategic Petroleum Reserves"

Source: Reuters

U.S. could start buying crude for Strategic Petroleum Reserve in as soon as two weeks


WASHINGTON – The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve in as soon as two weeks and fill it in several months, an Energy Department source said on Monday.

President Donald Trump …

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DOE Plans to Draw Down Strategic Reserve, Sell Up To 6 MMBO

Yesterday the U.S. Department of Energy’s Office of Fossil Energy announced it would sell up to six million barrels of crude oil from the Strategic Petroleum Reserve (SPR) in a price-competitive bid sale. In FY 2019, the DOE is authorized


U.S. Looks to Sell 174 Million Barrels from the SPR between 2017-2025

Recently enacted laws call for the sale of SPR oil to reduce the budget deficit and fund new infrastructure projects

The Strategic Petroleum Reserve (SPR) is a U.S. Government complex of four sites with deep underground storage caverns created in …

December 9, 2015 - 5:45 pm Closing Bell Story‎, Oil and Gas 360 Articles