U.S. Energy Department Allows Access to Strategic Petroleum Reserve Storage for Surplus Crude Amid Falling Demand
The U.S. Energy Department on April 2 announced a solicitation to make 30 million barrels of the Strategic Petroleum Reserve’s storage capacity available to oil producers amid an unprecedented drop in demand caused by the COVID-19 economic impacts, as well as the intentional disruption of oil markets by foreign actors. The agency said that a…...