OPR News

DOE issued a Request for Proposal for an exchange of up to 86 million barrels of crude oil from the Strategic Petroleum Reserve, the first tranche of the 172-million-barrel exchange announced as part of the International Energy Agency’s collective release of 400 million barrels of oil.

U.S. Secretary of Energy Chris Wright today directed Sable Offshore Corp. to restore operations of the Santa Ynez Unit and Santa Ynez Pipeline System to address supply disruption risks caused by California policies that have left the region and U.S. military forces dependent on foreign oil.

U.S. Secretary of Energy Chris Wright released the following statement regarding the International Energy Agency (IEA) and the U.S. Strategic Petroleum Reserve (SPR)

The U.S. Department of Energy announced contracts have been awarded for the acquisition of one million barrels of crude oil for the Strategic Petroleum Reserve.

The U.S. Department of Energy today announced a new solicitation to acquire one million barrels of oil for delivery to the Strategic Petroleum Reserve’s Bryan Mound site.

The U.S. Department of Energy today announced the authorization of an exchange from the Strategic Petroleum Reserve with ExxonMobil Corporation to address logistical challenges impacting crude oil deliveries to the company’s Baton Rouge refinery.

Following a rigorous competitive selection process, the Department of Energy (DOE) today announced that Strategic Storage Partners, LLC has secured a $1.4 billion contract to manage and operate the Strategic Petroleum Reserve (SPR).

The New Purchase of 2.4 Million Barrels Closes Out the Emergency Revenues from the Biden-Harris Administration’s Emergency Sales in 2022 that Calmed Global Markets and Protected American Businesses and Consumers with a Reliable Supply of Fuel.

The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced solicitation to purchase up to 3.0 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR).

The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 6.0 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR).