The Department of Energy announced that it has awarded contracts for all of the initial 30 million barrels it put up for sale as part of the emergency release of 1 million barrels per day in oil from the Strategic Petroleum Reserve.
These barrels will be delivered in May and June, and are the first U.S. sale in the largest release from reserves from both the United States and the rest of the world in history.
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by Joji Xavier
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