Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months
Green Car Congress
APRIL 1, 2022
DOE received over 90 offers that resulted in 28 contracts with 15 companies for deliveries of 30,640,000 barrels. In these exchange agreements, crude oil is released to private companies and repaid in kind with additional barrels by specified dates, similar to monetary interest on a loan. 1 March 2022 IEA Coordinated Release.
Let's personalize your content