The US will sell up to 12 million barrels of crude from the Strategic Petroleum Reserve next month, the US Department of Energy said Friday. One of the sales approved by Congress in 2015, the sale will offer sour crude from three of the SPR’s four sites along the Gulf Coast, including up to 6 million barrels from Bryan Mound, Texas; up to 3 million barrels from Big Hill, Texas; and up to 3 million barrels from West Hackberry, Louisiana. The department will accept bids on the crude until March 11 and award contracts by March 20. The crude will be delivered in April and May. The sale will fulfill the requirements of a section of Congress’ 2015 budget which authorized the department to sell up to $2 billion of SPR crude for fiscal years […]

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