Strategic Petroleum Reserve
The US has bought 1.2 million barrels of oil to replenish its Strategic Petroleum Reserve
The organisation has announced it will cut oil output by two million barrels a day
The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022
The president plans to release one million barrels of crude oil daily for six months starting in May
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
The Department of Energy said ExxonMobil Pipeline Company (EMPCo) has signed a 20-year lease to operate the St James Marine terminal and Bayou Choctaw 36-inch Pipeline
