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ICYMI - US to sell another 26 mn barrels of crude oil from the Strategic Petroleum Reserve

ICYMI - US to sell another 26 mn barrels of crude oil from the Strategic Petroleum Reserve

The Biden administration is selling more oil from the SPR due to a mandate from Congress in previous years.

  • selling 26 million barrels of crude oil from the Strategic Petroleum Reserve

Says Reuters:

  • U.S. Department of Energy had considered cancelling the fiscal year 2023 sale of the 26 million barrels after the Biden administration last year sold a record 180 million barrels from the reserve. But such a cancellation would have required Congress to act.
  • <... Read More
Posted: Feb 13 2023, 23:19
Author Name: forexlive
Views: 110747

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