Strategic Petroleum Reserve | Red River Farm Network

Articles tagged under: Strategic Petroleum Reserve

More Crude Coming Out of Strategic Petroleum Reserve

Published September 21, 2022

The U.S. Department of Energy has announced the sale of up to 10 million barrels of crude oil from the Strategic Petroleum Reserve in November. This is part of President Biden’s effort to address high energy costs related to the…

DOE Plans to Purchase 1 Million Barrels for Petroleum Reserves

Published May 13, 2020

The U.S. Department of Energy plans to purchase up to one million barrels of crude oil for the Strategic Petroleum Reserve. According to the Department’s announcement, the purchases will be sourced from small to midsize U.S. oil producers. This purchase…

Oil Markets Surge After Drone Attack

Published September 16, 2019

A weekend attack on Saudi Arabian oil facilities sent crude prices higher. The drone strike impacts five percent of the daily oil supply worldwide. Brent crude prices were up nearly 20 percent when the markets opened last night. Those gains…

Articles tagged under: Strategic Petroleum Reserve

More Crude Coming Out of Strategic Petroleum Reserve

DOE Plans to Purchase 1 Million Barrels for Petroleum Reserves

Oil Markets Surge After Drone Attack

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