Keegan Pieper on LinkedIn: US seeks 3 mln barrels of crude for ...

US seeks 3 mln barrels of crude for strategic reserve - Energy Dept

$75.63
OFF

US Seeks 3 Mln Barrels Of Crude For Strategic Reserve - Energy Dept

1 week from now

Jan 4, 2024 · The department has bought back about 13.8 million barrels at an average price of $75.63 a barrel, nearly $20 a barrel less than it sold the oil for in 2022, and has sped up the …

world-energy.org

$720
OFF

Keegan Pieper On LinkedIn: $720 Billion In Pipeline Projects Defies ...

1 week from now

Keegan Pieper’s Post ... Set to Triple Crude Oil Capacity ... BlackRock to acquire Global Infrastructure Partners for $3 billion in cash and 12 million shares

linkedin.com

FAQs about Keegan Pieper on LinkedIn: US seeks 3 mln barrels of crude for ... Coupon?

Will the Energy Department buy oil for the Strategic Petroleum Reserve?

By Anthony Harrup The Energy Department issued a new call to buy oil for the Strategic Petroleum Reserve as prices fall further from its $79 a barrel target acquisition price. The DOE said Monday it will take bids for up to 3 million barrels of oil for delivery to the SPR's Bryan Mound site in Texas from April through May. ...

Will the US buy 3 million barrels of sour crude oil?

REUTERS/Adrees Latif Purchase Licensing Rights WASHINGTON, Jan 3 (Reuters) - The U.S. is seeking to buy up to 3 million barrels of U.S.-produced sour crude oil for delivery in April to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said in a statement on Wednesday. ...

Why is Joe Biden buying oil for the SPR?

President Joe Biden's administration is slowly purchasing oil for the SPR after it sold a record 180 million barrels from it in 2022 to help fight high oil prices after Russia's invasion of Ukraine. Bids for the solicitation are due on Jan. 10. ...

Will the DOE continue to buy crude?

"The DOE will continue to purchase crude at a good price for taxpayers with available emergency revenues," a department spokesperson said on Monday. The Biden administration, or the next one, will need to work with Congress to fill up the DOE's SPR purchasing fund. ...