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US DOE Awards Latest SPR Contracts


The US Department of Energy has announced the latest purchase contracts that have been awarded from the SPR sales announced June 14.

  • A total of 14 companies responded to the notice, submitting 68 bids for oil from the four SPR sites.
  • Crude oil deliveries will take place from each of the SPR storage sites between August 16, 2022 and September 30, 2022.
  • The sales are part of Bidens commitment to release 1mn bpd from the US SPR for 6 months to try and ease global market tightness.
  • Contracts were awarded to the following companies:

Source: US DOE

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