WASHINGTON, D.C. — Today, the Department of Energy authorized the Strategic Petroleum Reserve (SPR) to conduct a second exchange with ExxonMobil Baton Rouge for an additional 1,500,000 barrels of crude oil. With the release of an initial 1,500,000 barrels to ExxonMobil and 300,000 barrels to Placid Refining, the SPR released a total of 3,300,000 barrels in response to Hurricane Ida. The SPR’s ability to conduct exchanges is a critical tool available to refiners to strengthen the fuel supply chain and mitigate disruptions following emergencies, like Hurricane Ida.
DOE Authorizes Second Exxon Strategic Petroleum Reserve Exchange to Bolster Fuel Supply Chain Following Hurricane Ida
1 month ago
AMERICA NEWS NOW |
america news, american news, america news today, america news now, american newspapers, news usa live, usa latest news,
usa news, real america news, america news today, oday news in usa, today usa news, american voices news, usa latest news