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US DOE to make monthly solicitations to refill the SPR through at least May

October 21, 2023 Comments Off

The US Department of Energy is ramping up efforts to refill the Strategic Petroleum Reserve by posting monthly solicitations for oil for the next six months and by increasing the maximum price it will pay to $79/b. The department had previously said it would look to refill the SPR when WTI crude oil was at or below $67-$72/b, but the…