US Energy Department to Sell 11 Million Barrels from Strategic Reserve

The U.S. Department of Energy said on Thursday it will buy an initial 30 million barrels of oil for the Strategic Petroleum Reserve as an initial step to fulfill President Donald Trump's directive to fill the reserve to help domestic crude producers......»»

The Energy Department initiated a plan to lease space as a way to help companies suffering from the oil price plunge and after Congress failed to fund another plan to purchase oil for the facility......»»

President Donald Trump's 2021 budget released on Monday proposed a sale of 15 million barrels of oil from the emergency petroleum reserve to help pay for projects overseen by the Department of Energy......»»

The U.S. Energy Department said on Thursday it is offering up to six million barrels of sweet crude oil from the national emergency reserve in a sale mandated by a previous law to raise funds to modernize the facility......»»

The U.S. Energy Department sai.....»»

President Donald Trump said Monday the U.S. is “looking to” add as many as 75 million barrels of oil to the Strategic Petroleum Reserve, after an historic day for markets that saw crude prices turn negative......»»

President Donald Trump said Monday the U.S. is "looking to" add as many as 75 million barrels of oil to the Strategic Petroleum Reser.....»»

The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom's crude supply rose to a record of more than 12 million barrels per day even as oil demand falters on the coronavirus pandemic......»»

The U.S. Department of Energy scrapped a plan to purchase domestic crude oil for its Strategic Petroleum Reserve after funding was not included in the broader stimulus package......»»

The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve as soon as two weeks from now, and fill it in several months, an Energy Department source said on Monday......»»

The United States could begin purchasing U.S. produced crude oil for the Strategic Petroleum Reserve in as soon as two weeks and fill it in several months, an Energy Department source said on Monday......»»

Oil prices jumped more than 5% after President Trump said the Department of Energy would purchase crude for the nation's strategic petroleum reserve......»»

The last massive release of crude from the U.S. Strategic Petroleum Reserve was in 1991, when conflicts in the Middle East disrupted the oil markets. That may happen again in the coming weeks if the situation in Saudi Arabia worsens......»»

The last massive release of crude from the U.S. Strategic Petroleum Reserve was in 1991, when conflicts in the Middle East disrupted the oil markets. That may happen again in the coming weeks if the........»»

America's Strategic Petroleum Reserve is the largest supply of emergency oil in the world. It has enough inventory to continue its job of providing the United States with oil in the event of a........»»

U.S. output rose by 65,000 barrels per day last week to more than 10.5 million barrels per day - the most since the EIA started maintaining weekly data in 1983. The U.S. Energy Department's inv.....»»

The U.S. Energy Department's Office of Fossil Energy on Monday announced a notice of sale of 11 million barre.....»»

US DOE Offers 11-M Bbl Crude Oil from Strategic Reserve $USO, $OIL, $VLO, $PSX US Department of Energy (DOE) is offering 11-M bbl of Crude Oil for sale from the nation’s SPR.....»»

If there is a major export cut from the Saudis, OPEC or any other large producers, the United States has a massive buffer in the Strategic Petroleum Reserve......»»

The government has committed $109 million through the U.S. Department of Energy, of which NETL is a part, for projects......»»