The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November, extending the timing of a plan to sell 180 million barrels from the stockpile to tame petroleum prices.
President Joe Biden’s plan announced in March had aimed to sell 180 million barrels by the end of October. So far only 155 million barrels have been sold and the next sale will bring the total to 165 million barrels, the department said.
(Reporting by Timothy Gardner in Washington and Arathy Somasekhar in Houston; Editing by Chizu Nomiyama)