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Published 2 years ago

U.S. Clears Second-Largest Ever Loan of Oil From Strategic Reserve

Summary by Ground News
The awards to seven companies mark the second-largest exchange of oil from the Strategic Petroleum Reserve ever. The awards are a part of a plan announced in November by President Joe Biden to release 50 million barrels from the SPR. The average price of U.S. regular unleaded gasoline, which has risen for 10 consecutive days, was $3.34 a gallon Monday.

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U.S. Clears Second-Largest Ever Loan of Oil From Strategic Reserve

(Bloomberg) -- The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to their highest level since 2014.Continue Reading. Read more on Markets by BloombergQuint.

2 years ago·Mumbai, India
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World OilWorld Oil

U.S. clears second-largest ever loan of oil from strategic reserve

The U.S. Department of Energy announced the loan of 13.4 million barrels of crude oil from its strategic reserve as part of a renewed effort by the Biden administration to contain oil prices that have surged to their highest level since 2014.

2 years ago·Houston, United States
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