March 07, 2025 14:09 GMT
OIL: US Energy Chief to Seek $20 Billion to Refill Oil Reserve: BBG
OIL
US Energy Chief to Seek $20 Billion to Refill Oil Reserve: Bloomberg
- US Energy Secretary Chris Wright plans to seek up to $20 billion to fulfill President Trump's goal of refilling the nation's depleted oil reserve to its maximum capacity, Bloomberg News reported on Friday.
- The initiative could take years and would restore holdings "just close to the top" to maintain efficient operating status, the report added, citing Wright in an interview in Louisiana after touring a natural-gas export plant.
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