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According to Platts Energy News, Washington on August 20, the US Department of Energy announced on Monday that the United States will sell 11 million barrels of sweet crude oil from the Strategic Petroleum Reserve, which will be loaded
between October and November this year.
The loading time suggests that the White House wants to cushion any market impact
from the reimposition of U.
S.
sanctions on Iranian oil customers.
The sale is part of a previously announced tapering plan for the next fiscal year, which begins
in October.
The 11 million barrels of crude will be sold from three caverns: Bryan Heights and Big Hill in Texas and West Hackberry in Louisiana
.
According to the DOE announcement, the tender will be held on August 28 at 2 p.
m.
Central Time, with a minimum delivery of 100,000 barrels for pipelines, 250,000 barrels for ships and 40,000 barrels for barges
.
Buyer must load any crude oil
destined for U.
S.
ports on Jones Act-compliant vessels.
According to Platts Energy News, Washington on August 20, the US Department of Energy announced on Monday that the United States will sell 11 million barrels of sweet crude oil from the Strategic Petroleum Reserve, which will be loaded
between October and November this year.
The loading time suggests that the White House wants to cushion any market impact
from the reimposition of U.
S.
sanctions on Iranian oil customers.
The sale is part of a previously announced tapering plan for the next fiscal year, which begins
in October.
The 11 million barrels of crude will be sold from three caverns: Bryan Heights and Big Hill in Texas and West Hackberry in Louisiana
.
According to the DOE announcement, the tender will be held on August 28 at 2 p.
m.
Central Time, with a minimum delivery of 100,000 barrels for pipelines, 250,000 barrels for ships and 40,000 barrels for barges
.
Buyer must load any crude oil
destined for U.
S.
ports on Jones Act-compliant vessels.
