U.S. Department of Energy Announces Contract Awards for Sale of Crude Oil from the Strategic Petroleum Reserve
Washington, D.C. – The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced today that contracts have been awarded from the recent Congressionally-directed Strategic Petroleum Reserve (SPR) crude oil sale. On February 11, 2021, DOE issued a Notice of Sale for a price-competitive sale of 10.1 million barrels of SPR crude oil. A total of 10 companies responded to the Notice of Sale, submitting 60 bids for evaluation. DOE awarded contracts to seven companies – Glencore Ltd., Marathon Petroleum