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With Huge Infrastructure Bill on Table, U.S. to Sell Crude Held in Strategic Petroleum Reserve

Oil

With Huge Infrastructure Bill on Table, U.S. to Sell Crude Held in Strategic Petroleum Reserve

The U.S. Department of Energy (DOE) plans to sell up to 20 million bbl of oil from the Strategic Petroleum Reserve (SPR) – double the level sold at an auction earlier this year – as the Biden administration complies with 2015 legislation and tries to raise funds to pay for a massive new infrastructure bill.…

August 25, 2021