OPR News

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 Office of Fossil Energy announced today a Notice of Sale of crude oil from the Strategic Petroleum Reserve.

Today, the U.S. Department of Energy currently plans to sell crude oil from the Strategic Petroleum Reserve.

DOE today announced it is negotiating contract awards with nine U.S. companies for the purpose of storing their U.S. produced crude oil.

Today, the U.S. Department of Energy (DOE) announced asolicitation to immediately make 30 million barrels of the Strategic Petroleum Reserve’s (SPR’s)