The US Department of Energy will conduct a broad review of the Strategic Petroleum Reserve by the end of September, the first in five years, to assess its size and responsiveness to current energy markets. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now DOE agreed to conduct the review and consider a “full range of options for handling potentially excess assets” at the recommendation of a 2018 report by the Government Accountability Office, according to an updated report published June 30. “Since the SPR was created four decades ago, its structure generally has not changed, even as markets for crude oil and petroleum products have changed significantly,” GAO said. DOE declined to take up GAO’s recommendation to […]