قالب وردپرس درنا توس
Home / Business / US sells 10 million barrels of crude oil from SPR next week

US sells 10 million barrels of crude oil from SPR next week



The United States will sell another 10 million barrels of sour crude, the Department of Energy said Wednesday in a statement on sales, according to S&P Global Platts.

The Department of Energy will accept offers to purchase the crude oil through August 28, and delivery must occur between October 1 and November 30.

The 10 million barrel offering is the latest in a series of SPR sales under a mandatory sales program that seeks to sell 260 million barrels through 2027, and is not part of deliberate action to affect the markets.

SPR has 645 million barrels of crude oil, of which 395 million are of the acidic kind.

The United States has regularly sold parts of SPR, the last of which was in March. Marathon Petroleum, Motiva and Phillips 66 together bought $ 4.32 million barrels for $ 285.7 million.

Earlier this year, questions were raised about the quality of SPR after ExxonMobil complained that the crude oil it purchased from SPR in 201

8 contained high levels of hydrogen sulfide. It wasn't the first company to complain about the case, with Shell, Macquarie Group and PetroChina all raising similar concerns. The Department of Energy disputed the claims.

The earlier concerns about quality may give SPR shoppers a break this time, as high levels of hydrogen sulfide pose a risk to refinery equipment and to humans.

The United States is now considering leasing SPR space to Australia, and is also considering concealing at least one of the SPR storage locations and changing the ratio of sweet and sour crude oil. A study is now underway to determine the wisest course of action.

By Julianne Geiger for Oilprice.com

More top readings from Oilprice.com: Chapter19659011 1988! Function (f, b, e, v, n, t, r) {if (f.fbq) return ; n = f.fbq = function () {n.callMethod n.callMethod.apply (n, arguments):? n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.push = n; n.loaded = 0 ;! n.version = & # 39; 2.0 & # 39 ;; n.queue = []; t = b.createElement (e!); t.async = 0; t.src = v; s = b.getElementsByTagName (s) [0]; s.parentNode.insertBefore (t, s)} {window, document, & # 39; script & # 39 ;, "https: //connect.facebook.net/en_US/fbevents.js');fbq(&# 39; init & # 39;, & # 39; 247445556002302 & # 39;); FBQ (& # 39; track & # 39;, & # 39; Page View & # 39;); [19659011]
Source link