Post by
andy604 on Oct 19, 2023 10:07pm
SPR
The Department of Energy (DOE) announced offers totaling 6 million barrels to be delivered between December this year and January 2024, as the Biden administration sought to begin refiling the heavily-drawn Strategic Petroleum Reserve (SPR).
Comment by
VeritasVern on Oct 20, 2023 5:06am
Yes and they are looking to do it at $79/b, which likely won't be filled. This is why they have only refilled 6 billion barrells thus far this year. Perhaps they can fill it with cheap Russian oil at $60/b, hahaha.