Search

Oil & Gas

Saturday
20 Jan 2024

US Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve

20 Jan 2024  by reuters   

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Acquire Licensing Rights
The United States bought 3.2 million barrels of oil for the Strategic Petroleum Reserve, as it continues to slowly replenish the stash after selling a record amount following Russia's invasion of Ukraine in 2022, a Department of Energy document showed on Friday.

The U.S. bought 1.4 million barrels from Exxon Mobil (XOM.N), opens new tab, 600,000 barrels from Macquarie Commodities Trading, and 600,000 barrels from BP Products North America, the document showed. Phillips 66 Co and Sunoco Partners Marketing & Terminals LP each bought 300,000 barrels.

Keywords

More News

Loading……