US EditionU.S. to buy 1 million barrels for strategic petroleum reserve
The Trump administration will purchase 1 million barrels of crude oil at spot prices to begin replenishing the Strategic Petroleum Reserve after significant drawdowns under Biden.
- The U.S. Energy Department plans to buy 1 million barrels of crude oil to refill the Strategic Petroleum Reserve, according to an agency official.
- The purchase is intended to take advantage of low oil prices, as stated by an agency official.
- The reserve currently holds about 408 million barrels, having been reduced under U.S. President Joe Biden.
- Bids for the crude oil solicitation are due by 11:00 a.m. CT on October 28, per the Energy Department.
19 Articles
19 Articles
US seeks 1 million barrels of oil for Strategic Petroleum Reserve
The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks to take advantage of relatively low oil prices to help replenish the stockpile.
American Lookout
protrumpnews.comTrump Admin Seeks To Buy 1 Million Barrels Of Oil For Strategic Petroleum Reserve
The United States is looking to buy 1 million barrels of crude oil for the Strategic Petroleum Reserve. Under Joe Biden, the United States sold hundreds of millions of barrels of oil from the reserve. The amount sold during his term was a record amount. The reserve only holds 409 million barrels of the 700 million barrel capacity. Newsmax reported: The U.S. Department of Energy said Tuesday it is looking to buy 1 million barrels of crude oil for…
Trump Admin Reportedly Planning To Refill Depleted Petroleum Reserve Biden Drained
by Audrey Streb at CDN - The Department of Energy (DOE) is reportedly planning to purchase 1 million barrels of oil to help restock the U.S. Strategic Petroleum Reserve (SPR) after the Biden administration drained the reserve and once passed on replenishing it due to high prices, Bloomberg reported Tuesday. The DOE is reportedly seeking to take advantage of lower oil … Click to read the rest HERE-> Trump Admin Reportedly Planning To Refill Deple…
US to Buy 1 Million Barrels of Crude for Petroleum Reserve
The U.S. Energy Department announced plans to buy 1 million barrels of crude oil to begin refilling the nation’s emergency oil reserves drawn down by the Biden administration. Officials released a solicitation to buy the crude for its Bryan Mound site near Freeport, Texas, taking advantage of low oil prices. Funding for the purchase was included in the Working Families Tax Cut signed by President Donald Trump earlier this year, which appropriate…
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