President Joe Biden's administration is actively working to refill the United States' Strategic Petroleum Reserve (SPR). Recently, the U.S. Department of Energy (DOE) announced the purchase of 3 million barrels of U.S.-produced crude oil for the SPR. This acquisition is part of a broader strategy to enhance energy security and stabilize fuel prices. To date, the DOE has purchased a total of 38.60 million barrels of oil for the SPR at an average price of $77.24 per barrel. Additionally, the DOE has issued solicitations for an additional 6 million barrels, with deliveries scheduled from September through December. This move comes as oil prices have dipped, providing a strategic buying opportunity for the administration.
U.S. DEPARTMENT OF ENERGY ANNOUNCES NEW SOLICITATIONS TO PURCHASE 6 MLN BBLS OF OIL FOR STRATEGIC PETROLEUM RESERVE
U.S. OFFERS SOLICITATIONS FOR 6 MILLION BARRELS OF OIL FOR STRATEGIC PETROLEUM RESERVE
Today, the U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced two new solicitations for a total of 6 million barrels of oil for delivery to the Strategic Petroleum Reserve’s Bayou Choctaw site from September through December. Building on the successful…
Biden Seeks Six Million More Barrels for Reserve as Prices Drop The Energy Department announced Friday two solicitations for the Strategic Petroleum Reserve - 1.5 million barrels for delivery in September and an additional 4.5 million barrels for October, November, and December.…
The US Energy department seeks 6 mln more barrels for the strategic oil reserve
⚠️ U.S. DEPARTMENT OF ENERGY ANNOUNCES NEW SOLICITATIONS TO PURCHASE 6 MLN BBLS OF OIL FOR STRATEGIC PETROLEUM RESERVE
#OOTT | Biden Seeks Six Million More Barrels For Reserve As Prices Drop - @BNCommodities https://t.co/9R6PYp3HEw
#SPR: The Energy Department announced Friday two solicitations for the Strategic Petroleum Reserve - 1.5 million barrels for delivery in September and an additional 4.5 million barrels for October, November, and December. The bids, which are due later this month, will be for the… https://t.co/fzzsIwGFGU
Biden Seeks Six Million More Barrels for Reserve as Prices Drop Biden administration slowly refilling depleted oil reserve Dip in oil prices creates buying opportunity for department #SPR #OOTT https://t.co/aocSmPC39B
The Biden administration is buying six million more barrels for the nation’s oil reserve as it continues to take advantage of a dip in prices https://t.co/PCZ5bnbwlT
ENERGY DEPT SEEKS 6M MORE BARRELS FOR STRATEGIC OIL RESERVE $SPY $USO
The US Energy department seeks 6 mln more barrels for the strategic oil reserve. - FJ
*ENERGY DEPT SEEKS 6M MORE BARRELS FOR STRATEGIC OIL RESERVE Only 280 million more to go
🔴 ENERGY DEPARTMENT SEEKS 6 MLN MORE BARRELS FOR THESTRATEGIC OIL RESERVE.
OPEC+’s decision to put more oil on the market later this year is poised to bolster President Joe Biden’s reelection prospects https://t.co/pwmsgE1JHW
US buys 3 million barrels of oil for Strategic Petroleum Reserve https://t.co/kawdUp4Yn3 https://t.co/D8VaQQSnWp
Biden Announces Purchase of 3 Million Barrels for Strategic Petroleum Reserve https://t.co/DRN7C6VpdQ
Today, the U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 3.0 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (SPR)
BIDEN BUYS 3 MILLION MORE BARRELS FOR STRATEGIC OIL RESERVE Not a bad spot
President Biden has announced the addition of 3 million barrels to the National Oil Reserve in efforts to stabilize fuel prices and enhance energy security. #Biden #OilReserve #EnergySecurity
#SPR: To date, DOE has purchased a total of 38.60 million barrels of oil for the SPR for an average price of $77.24 as well as accelerated nearly 4 million barrels of exchange returns, pursuant to its strategy to refill the SPR. #oott https://t.co/iERyxkt7Xk
Today, the U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 3.0 million barrels of U.S.-produced crude oil for the Strategic Petroleum Reserve (#SPR). #oott https://t.co/WLUc8G3ZJW
BIDEN BUYS 3 MLN MORE BARRELS FOR STRATEGIC OIL RESERVE.
Releasing 1 million barrels from our strategic petroleum reserves is NOT the way the Biden Administration should be lowering gas prices. Instead, it should focus on cutting Washington red tape and having the backs of American energy workers and producers.
Biden's oil releases broke OPEC. He is now slowly refilling the strategic petroleum reserve. https://t.co/TMxANxD4oo