US seeks to buy up to 3 mln barrels for oil reserve for Jan delivery

US seeks to buy up to 3 mln barrels for oil reserve for Jan delivery

by

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Acquire Licensing Rights

Nov 6 (Reuters) – The United States is seeking to buy up to three million barrels of oil for delivery in January 2024 to replenish the country’s strategic petroleum reserve, the Department of Energy said on Monday.

“This is the second solicitation for January 2024 delivery as DOE aims to purchase oil when it can purchase at a good deal for taxpayers,” it said in a statement. Last month the administration said it hoped to buy 6 million barrels of crude oil for delivery in December and January.

Reporting by David Ljunggren; Editing by Tim Ahmann

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Source link