US Strategic Petroleum Reserve to start unloading crude barrels as soon as April
US Strategic Petroleum Reserve to start unloading crude barrels as soon as April A federal effort to sell roughly 20 million barrels of crude oil from the US Strategic Petroleum Reserve could begin deliveries as early as April and continue well into 2021. The reserve, which was sitting at 638.1 million barrels as of Jan. 8 according to the US Energy Information Administration, has slowly declined since peaking at more than 726 million barrels in early 2010. But that decline has coincided with gains in commercial storage over most of the last decade as the nation’s shale oil boom took hold. ...
Source: hellenicshippingnews.com