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Home / Metal News / US to Purchase Oil in June to Supplement Strategic Petroleum Reserve

US to Purchase Oil in June to Supplement Strategic Petroleum Reserve

May 24, 2023 14:32

Source:SMM

US Secretary of Energy Jennifer Granholm said that the sale authorized by Congress will be completed next month and the United States Department of Energy may start buying back oil for the Strategic Petroleum Reserve (SPR).

In February, the U.S. government announced that it would sell 26 million barrels of oil from the SPR, with expected delivery dates between April 1 and June 30.

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US to Purchase Oil in June to Supplement Strategic Petroleum Reserve

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit