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U.S. to sell 32 million bbls of mostly sour crude from 4 SPR sites

By Florence Tan and Arathy S Nair

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U.S. to sell 32 million bbls of mostly sour crude from 4 SPR sites

By Florence Tan and Arathy S Nair (Reuters) - The United States has launched an auction for 32 million barrels of crude from four strategic petroleum ...

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U.S. to sell 32 million bbls of mostly sour crude from 4 SPR sites

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UPDATE 1-U.S. to sell 32 mln bbls from 4 sites as part of strategic sale

The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices.

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China non-committal on U.S. 'drop in the ocean' oil release | Hellenic Shipping News Worldwide

China, the world’s largest crude importer, was non-committal about whether it will release oil from its reserves as requested by Washington, while OPEC sources said the U.S. action has not made the producer group change course. On Tuesday, U.S. President Joe Biden’s administration announced plans to release here millions of barrels of oil from strategic ...

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China non-committal on U.S. 'drop in the ocean' oil release

China, the world's largest crude importer, was non-committal about whether it will release oil from its reserves as requested by Washington, while OPEC sources said the U.S. action has not made the producer group change course.

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Oil is stabilizing while investors are questioning the reserve release, Reuters said

© Reuters. FILE PHOTO: An aerial view shows Shibushi National Oil Storage Base in Kagoshima Prefecture, Japan, on January 18, 2019, in this photo take

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Shell Restarts Production From Hurricane-Hit Platforms

Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting…

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Shell Restarts Production from Hurricane-hit

Shell said on Friday it had restarted production at its offshore Mars and Ursa in the Gulf of Mexico and began exporting…

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Corteva raises sales view again as seed, insecticide demand booms

A jump in rates for U.S. corn and soybean has brightened the financial outlook for farmers who have started pre-buying seeds and chemicals to secure supplies for next spring amid sector-wide supply-chain problems.

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