Published 2 years ago

U.S. to sell additional 20 million barrels of oil from strategic reserve

Summary by Ground News

The administration said in late March it would release a record 1 million barrels of per day of oil. The United States has already sold 125 million barrels from the reserve. U.S. oil output will rise to more than 11.9 million barrels per day in 2022, the Energy Department says.

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CTV News

U.S. to sell additional 20M barrels of oil from strategic reserve

The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the facility to calm oil prices boosted by Russia’s invasion of Ukraine and as demand recovers from the pandemic.

2 years ago·Canada

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Reuters

U.S. to sell additional 20 million barrels of oil from strategic reserve

2 years ago·United Kingdom

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Financial Post

U.S. to sell additional 20 mln barrels of oil from strategic reserve

The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the facility to calm oil prices boosted by Russia's invasion of Ukraine and as demand recovers from the pandemic.

2 years ago·Canada

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The Epoch Times

Biden Administration to Sell 20 Million More Barrels of Oil From Strategic Petroleum Reserve

President Joe Biden's administration plans to sell an additional 20 million barrels of oil, according to a notice ...

2 years ago·New York, United States

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Gulf News

US to sell additional 20 million barrels of oil from strategic reserve

US has already sold 125m barrels from the reserve with nearly 70m delivered to purchasers

2 years ago·Dubai, United Arab Emirates

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Oil & Gas 360

U.S. to sell additional 20 million barrels of oil from strategic reserve

ReutersThe Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the facility to calm oil prices boosted by Russia’s invasion …The post U.S. to sell additional 20 million barrels of oil from strategic reserve appeared first on Oil & Gas 360.

2 years ago·Denver, United States

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