DOE Announces SPR Sale
The first 90 million barrels will be released between May and July.
Source: rigzone.com
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How Biden's record Strategic Petroleum Reserve sale will work
President Joe Biden will announce the single largest planned drawdown from the nation's Strategic Petroleum Reserve on Thursday in a move designed to blunt record gasoline prices.
Source: washingtonexaminer.com
What is the Strategic Petroleum Reserve?
Previous moves to tap the nation's oil stockpile haven't dramatically lowered gas prices, research shows.
Source: cbsnews.com
China and India led liquids storage capacity growth from 2016 to 2021
Global liquids storage capacity grew to 1,457,328Mcm in 2021 and is set to grow more by 2026, with China and India leading from 2016 to 2021.
Source: offshore-technology.com
Biden's crude sale moves to second round with bids due Jan. 4
The Biden administration’s release of crude from U.S. emergency reserves in an effort to cool oil’s rally is going into a second round, with bids due by the first working day of the year.
Source: worldoil.com