ReportedShipping, energy & marketsUnited States
U.S. offers up to 17 million barrels from the Strategic Petroleum Reserve
- Mountain Time
- Local time
- 6:30 PM UTC
- Where
- United States
The U.S. Department of Energy issued a Friday request for proposals for an exchange of up to 17 million barrels of crude from the Strategic Petroleum Reserve, OilPrice.com reported. The offer is part of the U.S. commitment to make 172 million barrels available under the IEA’s emergency action.
Why it matters
The exchange could add crude available to refiners during disrupted regional supply flows, but it depends on companies taking the offered barrels.
Source
- OilPrice.comoilprice.comPublished
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