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Latest US SPR Sales Bring Total to 165mbbls of Planned Release

OIL

The US Department of Energy has announced the latest purchase contracts that have been awarded from the SPR sales.

  • A total of 8 companies were awarded 10.15mbbls of oil for delivery in November.
  • The sales will take the total withdrawals up to approximately 165mbbls as part of the larger planned 180mbbls of oil release.
  • Contracts were awarded to the following companies (in bbls):

Marathon 2.35m

Equinor 2.05m

Motiva 1.75m

Phillips 66 1.4m

Macquarie 900k

Shell 700k

Valero 500k

Atlantic 500k

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