HOUSTON Jan 9 (Reuters) – The U.S. Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by Jan. 17.
The sale is part of a resolution to sell up to $375.4 million of crude in the fiscal year 2017 to fund operational improvements to the infrastructure that holds the emergency reserves. Continue reading “US announces sale of 8M barrels from oil reserves”