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World News Story Us Offers 11 Million Barrels Of Oil For Sale From Strategic Reserve | RobinsPost News & Noticias

US to buy oil for SPR oil at above $79 target price in latest round


The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the government's emergency reserve for more than $81 a barrel, $2 above the target purchase price. Read More

The U.S. Breaks Its Self-Imposed Oil Price Ceiling of $79 to Refill the SPR


The latest crude oil purchase that the Department of Energy made as part of its effort to refill the SPR cost an average of over $81 per barrel. Read More

Oil prices end lower, with weekly U.S. crude supply up over 3 million barrels


Oil futures declined on Wednesday but settled off the session’s lows after official U.S. data revealed a weekly increase in crude inventories that was smaller than what was reported by an industry ... Read More

Energy Department to Buys Millions of Barrels of Oil to Combat Market Disruption From 'Foreign Actors'


Energy Secretary Dan Brouillette says move will address "intentional disruption to world oil ... it will buy 77 million barrels of oil to fill the nation's strategic petroleum reserve as crude ... Read More

U.S. Crude Oil Inventories Rose by 3.2 Million Barrels Last Week


U.S. crude oil inventories increased last week by 3.2 million barrels last week, along with gasoline stocks as refiners stepped up their capacity use. Read More

U.S. offers 18 mln barrels of oil from emergency reserves


WASHINGTON: The U.S. Department of Energy on Friday said it will sell 18 million barrels of oil from the Strategic Petroleum Reserve, with offers from ... of the sale was expected, after the ... Read More

What is the US strategic oil reserve


The White House announced Thursday that Biden ordered the daily release of one million barrels of oil from the strategic oil reserve ... US consumed nearly 20 million barrels per day last year and ... Read More

What does the OPEC+ oil cut mean for US gas prices?


A reduction of 2 million barrels of oil a day amounts to a roughly 2% loss from the oil market, since the world ... Strategic Petroleum Reserve in November. MORE: What's behind rise of women in US ... Read More

President Biden to release 15 million barrels of oil


A project to extend RTD's rail service north to Boulder and Longmont and south into Pueblo is still underway, 20 years later, but funding for the project could take another 25 years to accrue ... Read More

Firmer oil prices expected as demand builds and supply curbs persist


Oil prices will gain some momentum this year as demand picks up and output curbs by the OPEC+ producer group continue to squeeze supply that is already being pressured by military conflicts, a Reuters ... Read More

Saudi Extends Voluntary Oil Cut Of 1 Million Barrels Per Day Until Mid-2024


Saudi Arabia announced on Sunday it would extend oil supply cuts through ... OPEC+ agreed to reduce output by two million barrels per day, a move that fuelled tensions with US President Joe ... Read More

US to release 50 million barrels of oil to ease energy costs


WASHINGTON (AP) — The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to bring ... will be part of a sale of oil that Congress had ... Read More


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