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Post Tagged with: "US Strategic Petroleum Reserve"

Source: Reuters

Exxon draws from U.S. Strategic Petroleum Reserve for Louisiana refinery

World Oil

(Bloomberg) –The U.S. Department of Energy has authorized Exxon Mobil Corp. to receive crude from the Strategic Petroleum Reserve to kickstart the production of fuels while most oil production in the Gulf of Mexico remains shut.

The oil …

September 3, 2021 - 12:00 pm — Closing Bell Story‎, Crude Oil News, Energy News
Source: World Oil

U.S. to auction 20MM barrels of oil from Strategic Petroleum Reserve

World Oil

(Bloomberg) –The U.S. is holding its largest sale of oil from strategic reserves this year at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus.

The Energy Department plans to auction off …

August 24, 2021 - 11:00 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Crude Oil Storage, Energy News
Source: Reuters

Drowning in crude, U.S. drillers say Trump strategic reserve plan is no lifeline

Reuters

NEW YORK – President Donald Trump’s plan to fill the U.S. emergency crude oil stockpile has become the centerpiece of his administration’s strategy to shield drillers from a meltdown in energy demand – but company officials and industry groups …

April 23, 2020 - 9:00 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
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