DOE cancels purchases for strategic oil reserve
Snippet of Article: "The Department of Energy canceled two major purchases to refill the Strategic Petroleum Reserve on Wednesday — a signal that the Biden administration may slow or pause replenishment of the reserve as oil prices rise.
DOE will not award contracts to supply the SPR with a total of 3 million barrels of crude oil in August and September, as prices topped $84 per barrel of U.S. benchmark West Texas Intermediate. ..."
Source: www.eenews.net
