🇺🇸🛢 The U.S. Department of Energy is preparing to release a further 30 million bbls from the Strategic Petroleum Reserve (SPR)
Crude from the Bryan Mound and Big Hill SPR facilities could soon be offered for loading in November and December, with earlier loading dates awarded to those making higher bids. It is not clear what the higher bids would entail, and DOE could choose not to make any awards.
🔗 https://www.argusmedia.com/en/news-and-insights/latest-market-news/2881256-us-gauges-interest-in-more-spr-crude-sources
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/CIG/ Telegram | Counter Intelligence Global 🛢 🇺🇸 📉 The U.S. SPR is down to 286.6 MMBbls after releasing 128.6 MMBbls of the 139 MMBbls awarded in this year's tenders (out of 172 MMBbls initially planned). At the current pace, SPR inventories should reach ~276 MMBbls in the next 3–4 weeks. Nothing unexpected…Argusmedia US gauges interest in more SPR crude: Sources | Latest Market News The US Department of Energy (DOE) has begun contacting trading firms and refiners to gauge interest in another round of crude loans as part of its 172mn bl drawdown from the US Strategic Petroleum Reserve (SPR), market sources said.