US to sell up to 40.1m oil barrels from emergency stockpile

The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022

US awards 13.4m barrels of crude oil from emergency stockpile

Over the last two months, the Biden Administration has approved the release of 40m barrels of crude oil from the Strategic Petroleum Reserve to address the high oil prices