Thursday,
September 5
September 5
DOE Strategic Petroleum Reserve Sale
The U.S. Energy Department will award contracts for the sale of crude oil from the Strategic Petroleum Reserve, or SPR, to fulfill the requirements of the Bipartisan Budget Act of 2015 and the Consolidated Appropriations Act of 2018. The 2015 law directs the agency to sell 5 million barrels of SPR crude in 2020, while the 2018 law requires the sale of 10 million barrels in the years 2020 and 2021. All proceeds will be deposited in the U.S. Treasury in FY 2020. READ MORE