US to move forward with scheduled 26M barrel sale from strategic oil reserve ...Middle East

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US to move forward with scheduled 26M barrel sale from strategic oil reserve
The United States is moving forward with a congressionally-required sale of oil from its Strategic Petroleum Reserve (SPR). On Monday, the Energy Department advised that it would sell 26 million barrels from the oil reserve this year — a sale that was required by a 2015 budget law.  The transaction comes as the Biden administration is seeking to refill the reserve after releasing a record 180 million barrels last year to combat high gasoline prices. The Energy Department has already sought top stop certain sales mandated by the law in order to replenish the SPR, according to Bloomberg.Asked if the handling of the latest sale differed from any others, an agency spokesperson said that

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