U.S. Energy Department to Release 40 Million More Barrels From Strategic Petroleum Reserve as Inventories Near Multi-Decade Lows
WASHINGTON — In a final push to fulfill an international emergency pledge, the U.S. Department of Energy (DOE) announced on Tuesday, September 29, that it will offer 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) as a loan to domestic energy companies. The coordinated move is designed to inject immediate liquidity…
