Members of the International Energy Agency are seeking to relieve oil supply disruptions. The Department of Energy announced the awarding of contracts for the exchange of roughly 53.3…
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Energy Department Receives Bids for SPR Emergency Oil Exchange
The action is part of the International Energy Agency agreement that coordinated national strategic reserve releases. The U.S. Department of Energy opened competitive bidding last week for an…
Read MoreEnergy Department to Draw Down SPR as Part of IEA Coordinated Oil Release
The administration plans a 20 percent replacement for the amount of barrels released. Energy Secretary Chris Wright announced the drawdown of oil from the Strategic Petroleum Reserve as…
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