DOE Seeks 1M Bbl of Crude Oil for SPR


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The U.S. Department of Energy announced that it would 
be purchasing approximately 1 million bbl of crude oil for December 2025 and 
January 2026 delivery to the Strategic Petroleum Reserve (SPR) site at Bryan 
Mound.

   Bidders for its offer must submit their proposals no later than October 28, 
the DOE's Office of Petroleum Reserves stated late Tuesday (10/21).

   On November 24, the DOE purchased 2.4 million bbl to be delivered from  
April to May to the Bryan Mound site.

   Stockpiles in the SPR, which act as an emergency reserve, totaled 408.6 
million bbl during the week ended October 17, according to Energy Information 
Administration most recent data. The highest recorded stockpile by the U.S. was 
726.6 million bbl in December 2009.

    

    




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