US Energy Department Seeks to Secure 3 Million Barrels of Oil for Strategic Petroleum Reserve

Thursday, 14 March 2024, 20:14

The US Energy Department has announced plans to acquire approximately 3 million barrels of oil to bolster the country's strategic petroleum reserve. These purchases are scheduled for delivery in August and September, with further acquisitions anticipated. The move aims to enhance the nation's energy security and preparedness in the face of uncertainties.

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US Energy Department Procurement Strategy

The US Energy Department has disclosed its intention to procure around 3 million barrels of oil for the strategic petroleum reserve.

August and September Deliveries

The planned oil acquisitions are scheduled for delivery in August and September, with additional purchases anticipated in the future.

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