US Authorises Emergency Release of up to 400,000 Barrels of Oil From Reserve
24 Articles
24 Articles
The United States has authorized an emergency release of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to the Phillips 66 refinery in Lake Charles, Louisiana. The move is intended to help offset temporary supply disruptions and support production of transportation fuels in Louisiana and neighboring markets. “The release of the oil will help offset temporary supply disruptions to the refinery and support production of tr…
It is to deal with a supply disruption affecting the Phillips 66 refinery in Lake Charles, Louisiana
The US Department of Energy on Friday authorized the emergency release of about 400,000 barrels of crude oil from the country's strategic reserve to offset a production loss at Phillips 66's Lake Charles oil refinery in Louisiana - for an unspecified reason.
US authorizes emergency release of up to 400,000 oil barrels from strategic reserve
The US Department of Energy said on Friday it had authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana.
The US will urgently release up to 400,000 barrels of oil from the Strategic Petroleum Reserve (SPR) to compensate for the interruption in the supply of raw materials to the Phillips 66 refinery in Lake Charles, Louisiana.
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