Highlights Will offer 15 million barrels in new SPR sale Plans to refill SPR when prices around $67-72/b Will allow fixed-price forward purchases to replenish SPR The US Department of Energy will issue a notice to sell up to 15 million barrels of crude from the Strategic Petroleum Reserve Oct. 19, completing the largest-ever drawdown from the emergency stockpile, and finalize a plan to giving it more buying power to replenish the SPR in the future, senior Biden administration officials said Oct. 18. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The DOE is offering up to 3 million barrels of sour crude and up to 12 million barrels of sweet crude from Big Hill and Bryan Mound in Texas and West Hackberry in Louisiana for delivery in December. Bids are due by 10 am CT Oct. 25, and contracts will be awarded […]

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