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US Seeks 3m More Barrels for SPR

OIL

The US Energy Department is seeking 3m bbl of sour crude for the SPR for August delivery, according to a notice Feb. 26.

  • Bids are due no later than 11am CT March 6. The minimum offer quantity is 0.3m bbl.
  • The barrels will be delivered into the Big Hill SPR site.
  • The DoE continues to purchase crude for the SPR at below $79/b, compared to the sales price of $95/b in 2022.

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