The Biden administration is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery from April through May 2025, the Energy Department said in a statement Monday.
- Bids due no later than 11:00 a.m. Central Time on November 6: Energy Dept.
- Delivery sought for Strategic Petroleum Reserve’s Bryan Mound site in Texas
- Biden administration has purchased of over 55 million barrels of oil for the SPR at an average price of about $76 per barrel: Energy Dept.
(adds location in second bullet)
To contact the reporter on this story:
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.