The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has announced a notice of sale of crude oil from the Strategic Petroleum Reserve (SPR). This notice ...

“DOE has already purchased a total of 26.28 million barrels of oil for the SPR for an average price of $76.47, as well as accelerated nearly four million barrels of exchange returns, pursuant to ...

Citing rising oil prices, the DOE said ... we will likely go into the election with the SPR at the current significantly depleted level. By Robert Rapier ...

DOE will not award contracts to supply the SPR with a total of 3 million barrels of crude oil in August and September, as prices topped $84 per barrel of U.S. benchmark West Texas Intermediate.

The Biden Administration has only returned about 14 million barrels to the SPR after a significant drawdown, with recent cancellations of refill plans. Rising oil prices have led the DOE to cancel ...

WASHINGTON, D.C. — The U.S. Department of Energy (DOE) has awarded a five-year, $1.4 billion contract to Strategic Storage Partners, LLC to oversee the management and operations of the Strategic ...

requested in a letter Monday that the Government Accountability Office probe the Department of Energy (DOE). They argue that the agency's heavy reliance on the SPR has undermined U.S. energy security.

The DOE has made five crude oil purchases this year in attempts to refill the reserve and is expected to continue to solicit bids for oil purchases monthly until at least May 2024.

Despite claims of replenishment, the Strategic Petroleum Reserve (SPR) remains significantly below pre-Biden levels. The DOE's statements create a misleading impression by including barrels not ...

The first 90 million barrels will be released between May and July. The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) has announced a notice of sale of ...