The U.S. Department of Energy’s Office of Fossil Energy has announced that contracts have been awarded from a recent Congressionally directed Strategic Petroleum Reserve crude oil sale. The U.S. Department of Energy’s (DOE) Office of Fossil Energy has announced that contracts have been awarded from a recent Congressionally directed Strategic Petroleum Reserve (SPR) crude oil sale. The DOE said it had awarded contracts to seven entities, comprising Glencore Ltd., Marathon Petroleum Supply and Trading LLC, Motiva Enterprises LLC, Phillips 66 Company, Shell Trading (US) Company, Valero Marketing and Supply Company, and the Government of Australia. The awarded contracts represent a total sale of 10.1 million barrels of crude oil, the DOE noted, adding that, of this amount, 4.1 million barrels will be sold from the Bryan Mound site, 3.3 million barrels from the West Hackberry site, and 2.7 million barrels from the Big Hill site. The SPR will schedule […]