Over 5 mn barrels of oil from US reserves sent overseas
The export of crude and fuel is blunting the impact of the moves by US President Joe Biden to lower record pump prices.
Source: businesstoday.in
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Biden Administration Brushes Aside Question About Record Drawdowns From Strategic Petroleum Reserve
When Joe Biden took office in 2021, the SPR inventory stood at 638 million barrels, below the currently authorized capacity of 714 million barrels. And it has declined steadily since then, to 511.6 million barrels in June. And the oil releases ordered by Biden are continuing.
Source: cnsnews.com
US Announces Sales of 40 Million Crude Oil Barrels From Strategic Petroleum Reserve
The U.S. government has announced the sale of up to 40.1 million barrels of crude oil to be ...
Source: theepochtimes.com
Energy Dept Reveals SPR Contract Award Winners
Contracts were awarded to 12 companies, including Exxon, Chevron and Shell.
Source: rigzone.com
Energy Dept Reveals SPR Contract Award Winners
Contracts were awarded to 12 companies, including Exxon, Chevron and Shell.
Source: rigzone.com