• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • BOE Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

U.S. plans sale of up to 20 mln bbls of crude oil from strategic reserve

January 14, 202112:08 PM Reuters0 Comments

Oil Storage Tanks at Cushing, OK
The U.S. Energy Department said on Thursday it plans to sell up to about 20 million barrels of crude oil from the Strategic Petroleum Reserve, as directed by laws passed in 2015 and 2018.

The department is required to sell a little more than 10 million barrels during fiscal year 2021 by the Bipartisan Budget Act of 2015 and the Consolidated Appropriations Act of 2018. In addition, the department said it is allowed by law to sell up to $450 million worth of oil to pay for modernization of the reserve, held in caverns in Texas and Louisiana, which could require an additional 10 million barrels in sales.

(Reporting by Timothy Gardner) 29dk2902l

Follow BOE Report
  • Facebook
  • Twitter
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Oil slips on rate hike worries, Russian crude flows despite China performance
  • ExxonMobil Central Alberta Opportunities
  • Smart technology plays key role in critical downhole decisions
  • Fee Simple Title Offering: Countess of Sutherland Estate
  • Imperial announces fourth quarter 2022 financial and operating results

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    BOE Network
    © 2023 Stack Technologies Ltd.