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Free AccessUS Buys 2.1m bbl for SPR: Gov
The US government has awarded contracts to purchase 2.1m bbl to restock the SPR, according to a notice by the US office of Cybersecurity, Energy Security, and Emergency Response.
- The contracts were awarded to three companies for February delivery, bringing the total to 3m bbl for delivery to the Big Hill site.
- The 2.1m bbl were purchased at an average price of $74.23/b, below the average of $95/b that the SPR crude was sold for in 2022, the notice said.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.