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Doe Offers 11 Mln Barrels Of Spr Crude As Part Of Previously Planned Sales

by marketwatch.com posted 1year ago 45 views
The U.S. Energy Department's Office of Fossil Energy on Monday announced a notice of sale of 11 million barrels of sour crude oil from the Strategic Petroleum Reserve. The move is part of previously announced sales that are expected to draw down reserves by a total of 25 million barrels over three consecutive years, beginning this year. Bids for the 11 million barrels of crude must be received not later than Aug. 28, with delivery to take place in October and November, the government agency said.

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