DOE Announces Repurchase Of Oil For The Strategic Petroleum Reserve
December 17, 2022
December 17, 2022
WASHINGTON, Dec. 17 -- The U.S. Department of Energy issued the following news on Dec. 16, 2022:
The U.S. Department of Energy's (DOE) Office of Petroleum Reserves today announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil at a lower price than the $96 per barrel average price it was sold for, as well as to strengthen energy security.
The U.S. Department of Energy's (DOE) Office of Petroleum Reserves today announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil at a lower price than the $96 per barrel average price it was sold for, as well as to strengthen energy security.