The Energy Department of offering as much as 30 million barrels of crude oil from the Strategic Petroleum Reserve as part of an exchange, the agency said in a statement Thursday.
- Sweet crude oil will originate from the reserve’s West Hackberry site
- Bids for solicitation are due no later than 11am CT April 13
- Oil is being offered on terms where the DOE loans crude in exchange for return of oil, plus additional barrels
- EARLIER:
US Offers 10M Bbl Crude From SPR in Exchange Sale - RELATED:
First US Oil Barrels From Emergency Release to Hit Market
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