US Solicits Exchange of Up to 17M Barrels from Reserves
The United States has solicited an exchange of up to 17 million barrels of oil from the strategic petroleum reserve according to Reuters.
The United States has solicited an exchange of up to 17 million barrels of oil from the strategic petroleum reserve, according to Reuters. The solicitation involves an exchange framework for crude supplies from the federally managed reserve network.
Strategic Reserve Exchange
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The initiative targets up to 17 million barrels of crude oil available for exchange under current policy guidelines. Further operational details regarding delivery timelines and counterparty requirements were not detailed in the announcement.
Key facts
- The United States solicited an exchange of up to 17 million barrels of oil.
- The oil is sourced from the strategic petroleum reserve.
- The report was published by Reuters.
Source: news.google.com
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