DOE Seeks 6M Bbl of Oil for SPR Delivery September-Decembe
6/07 1:10 PM
DOE Seeks 6M Bbl of Oil for SPR Delivery September-December OAKHURST, N.J. (DTN) --- In its latest solicitation of oil for replenishing the Strategic Petroleum Reserve, the U.S. Department of Energy is seeking a total of 6 million bbl of oil for September through December delivery to the SPR's Bayou Choctaw site in Texas, aiming for a price of $79 bbl or less. Bids for the solicitation of 1.5 million bbl for September delivery are due no later than 11:00 AM CT on June 12, while bids for the solicitation of 4.5 million bbl for October, November and December deliveries will be due no later than June 17 at 11:00 AM CT. As part of the administration's continued efforts to refill the SPR following supply drawdown due to Russia's invasion of Ukraine, DOE has already purchased a total of 38.6 million bbl of oil at an average price of $77 bbl and also accelerated nearly 4 million bbl exchange returns. OAKHURST, N.J. (DTN) --- In its latest solicitation of oil for replenishing the Strategic Petroleum Reserve, the U.S. Department of Energy is seeking a total of 6 million bbl of oil for September through December delivery to the SPR's Bayou Choctaw site in Texas, aiming for a price of $79 bbl or less. Bids for the solicitation of 1.5 million bbl for September delivery are due no later than 11:00 AM CT on June 12, while bids for the solicitation of 4.5 million bbl for October, November and December deliveries will be due no later than June 17 at 11:00 AM CT. As part of the administration's continued efforts to refill the SPR following supply drawdown due to Russia's invasion of Ukraine, DOE has already purchased a total of 38.6 million bbl of oil at an average price of $77 bbl and also accelerated nearly 4 million bbl exchange returns. (c) Copyright 2024 DTN, LLC. All rights reserved.
 
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