Articles tagged under: Strategic Petroleum Reserve
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…