U.S. To Sell 26 Million More Barrels Of Oil Reserves
View Source | February 13, 2023 4:43 pm
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- The Biden administration said Monday it is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had been mandated by Congress in previous years.
- The sale will likely temporarily push the reserve below its current level of about 372 million barrels, the lowest level since 1983.
- U.S. Energy Department said bids on the oil are due on Feb. 28 and that the oil would be delivered from April 1 to June 30.
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