DOE to Make Available A Release of 50 Million Barrels of Crude Oil From the Strategic Petroleum Reserve
November 24, 2021
November 24, 2021
WASHINGTON, Nov. 24 -- The U.S. Department of Energy issued the following news on Nov. 23, 2021:
At the direction of President Biden, U.S. Secretary of Energy Jennifer M. Granholm authorized that 50 million barrels of crude oil from the U.S. Department of Energy's (DOE) Strategic Petroleum Reserve (SPR) be made available. As the global economy recovers from the pandemic, oil supply has failed to increase at a pace necessary to meet demand. Today's decision is in response to the high . . .
At the direction of President Biden, U.S. Secretary of Energy Jennifer M. Granholm authorized that 50 million barrels of crude oil from the U.S. Department of Energy's (DOE) Strategic Petroleum Reserve (SPR) be made available. As the global economy recovers from the pandemic, oil supply has failed to increase at a pace necessary to meet demand. Today's decision is in response to the high . . .