US buys 6 million barrels of oil for Strategic Petroleum Reserve
WEB5 days ago — Follow. WASHINGTON, Sept 30 (Reuters) - The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the Department of Energy said on Monday. The ...
Biden-Harris Administration Purchases More Than 4 Million Barrels …
WEBJul 29, 2024 — Today, following the finalization of contracts for the most recent solicitation of crude oil for the Strategic Petroleum Reserve (SPR), the U.S. Department of Energy confirms that more than 40 million barrels have been purchased and delivered or secured for delivery by December 2024.
Biden-Harris Administration Purchases Barrels for the Strategic ...
WEB6 days ago — The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 6.0 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR).
US speeds up purchasing for Strategic Petroleum Reserve as oil …
WEBJun 7, 2024 — President Joe Biden's administration said on Friday it has increased purchasing of crude oil to replenish the Strategic Petroleum Reserve following its historic sale from the stockpile in...
President Biden Announces Release from the Strategic Petroleum Reserve ...
WEBNov 23, 2021 — Today, the President is announcing that the Department of Energy will make available releases of 50 million barrels of oil from the Strategic Petroleum Reserve to lower prices for Americans...
Biden announces sale of 15 million barrels of reserve oil - NBC News
WEBOct 19, 2022 — WASHINGTON — President Joe Biden announced Wednesday that he would authorize the sale of more oil from the country’s Strategic Petroleum Reserve as his administration scrambles to rein in high...
Biden administration to buy 3 million barrels of oil to begin ...
WEBMay 15, 2023 — The Biden administration announced plans on Monday to buy 3 million barrels of crude oil, marking the start of a years-long process aimed at replenishing America’s depleted emergency oil stockpile.
Lower oil puts US in market to buy for strategic petroleum reserve…
WEBJan 4, 2024 — A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the stockpile in 2022.
The Price Impact of the Strategic Petroleum Reserve Release
WEBJul 26, 2022 — To help address rising energy prices and mitigate a shortfall in the production of oil owing to Russia’s war in Ukraine, President Biden in March of this year announced a historic release of oil from the Strategic Petroleum Reserve (SPR).
Top shale boss says US ‘unusually vulnerable’ to Middle East oil …
WEB4 days ago — US shale magnate Harold Hamm has accused the Biden administration of leaving the nation “unusually vulnerable” to a Middle East oil price shock by draining its strategic petroleum reserve ...