Strategic Petroleum Reserve was created to protect the US economy from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency stocks. Reuters
Strategic Petroleum Reserve was created to protect the US economy from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency stocks. Reuters

Business

Energy

US to buy another six million barrels of oil to replenish emergency reserve

Washington to pursue additional repurchase opportunities as market conditions allow

Fareed Rahman
Fareed Rahman

July 08, 2023