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US Plan to Refill Oil Reserve Hits Snag as It Shuns Some Light Crudes

(Bloomberg) -- The formidable task of refilling the world’s largest government oil stockpile is like mixing oil and vinegar. Only in this case, the vinegar is actually just more oil — a super-thin crude from South Texas.Most Read from BloombergA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyEpstein Contacted Staley for Years at Barclays Using Go-Between, Court Filings ClaimBonds Fall After $25 Billion Sale as...
United States Eagle Ford Bloomberg Businessweek Massive Us Oil Caverns Sit Exxon Mobil Corp Energy Department
Source: yahoo.com

US Spurns Another Round of Offers to Replenish Oil Stockpile

(Bloomberg) -- The Biden administration is again delaying a replenishment of the nation’s emergency oil reserve because of market conditions, according to people familiar with the matter. The decision comes as oil prices have rallied above $80 a barrel.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal...
United States Joe Biden Bloomberg Businessweek Strategic Petroleum Department Of Energy Energy Department Deputy
Source: yahoo.com

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