Biden Administration To Purchase More Oil For SPR ...Middle East

OILPRICE - Economy
Biden Administration To Purchase More Oil For SPR
The Department of Energy’s Office of Petroleum Reserves has announced a solicitation for the purchase of up to 3 million barrels of crude oil for the nation’s Strategic Petroleum Reserves (SPR), the agency said in a Wednesday press release. The solicitation is for as many as 3 million barrels of crude for delivery into the SPR in April 2024, and will go towards replenishing the nearly 300 million barrels of crude oil sold off during the current administration, ostensibly to lower retail gasoline prices for U.S. drivers. After selling…

Hence then, the article about biden administration to purchase more oil for spr was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden Administration To Purchase More Oil For SPR )

Apple Storegoogle play

Last updated :

Also on site :



Latest News