Tag: Strategic Petroleum Reserve

Energy Economics, News and Policies, U.S.

US suspends plans to buy oil after funding is left out of $2 trillion stimulus package

March 26, 2020

Via: CNBC energy

The U.S. Department of Energy is suspending its plans to buy crude for the nation’s Strategic Petroleum Reserve after the requested $3 billion in funding for the project was left out of the $2 trillion stimulus package. “Given the current […]

Chemical, Conventional Fuels, News and Policies, U.S.

US to sell 10 million barrels of crude reserves in February: Energy Dept

February 9, 2017

Via: American Energy News

The U.S. Energy Department said on Wednesday it will sell 10 million barrels of oil from the government’s emergency crude reserves in late February. The sale from the Strategic Petroleum Reserve (SPR) was required by a law passed last year […]