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Free AccessLatest US SPR Sales Bring Total to 165mbbls of Planned Release
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
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.