Following President Biden’s Decisive Action in November to Address Supply Gap, DOE Announces 18 Million Barrels of Crude Oil for Sale on December 17 and Approves First Exchange
Washington, D.C. – Today, following the President’s announcement yesterday to release 50 million barrels of Strategic Petroleum Reserve (SPR) crude oil through a competitive exchange for up to 32 million barrels and a sale for up to 18 million barrels.
Today, the U.S. Department of Energy announced the release of 50 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). The SPR release will consist of a 32-million-barrel exchange solicitation to be open to the public on November 24.
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management announced that contracts have been awarded from the recent Congressionally-mandated Strategic Petroleum Reserve (SPR) crude oil sale.
Today, the Department of Energy authorized the Strategic Petroleum Reserve (SPR) to conduct a second exchange with ExxonMobil Baton Rouge for an additional 1,500,000 barrels of crude oil.
The U.S. Secretary of Energy Jennifer M. Granholm authorized the Strategic Petroleum Reserve (SPR) to conduct an exchange with ExxonMobil Baton Rouge to alleviate any logistical issues of moving crude oil within areas affected by Hurricane Ida.
The U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management (FECM) announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve (SPR). DOE intends to sell up to 20 million barrels of crude oil from the SPR.
Today, the U.S. Department of Energy currently plans to sell crude oil from the Strategic Petroleum Reserve.
How the Strategic Petroleum Reserve Helps Oil Refiners Weather the Storm
Since its inception in 1991, more than 300,000 high school students have participated in this fast-paced question and answer contest.