U.S. Offers Another 17 Million SPR Barrels as Fuel Crisis Deepens ...Middle East

The United States is putting another 17 million barrels of crude from the Strategic Petroleum Reserve on offer, one day after the IEA accelerated emergency stock releases as governments scramble to get more oil and fuel into a tight market. The Department of Energy issued a request for proposals Friday for an exchange of up to 17 million barrels, part of the 172 million barrels Washington committed to make available under the IEA’s 400-million-barrel emergency action announced in March. The SPR currently holds about 283 million barrels. If…

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