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Exclusive-Biden administration buys last oil for emergency reserve as fund taps out
WASHINGTON (Reuters) - The Biden administration ... department's fund to buy back more oil for the reserve, it said. The 2022 sale of 180 million barrels of crude had raised nearly $17 billion ... Read More
Biden Wants More Money to Buy Oil for US Emergency Stockpiles
(Bloomberg) -- The Biden ... 4.65 million barrels announced Monday. But the administration only has about $1.2 billion left in the account it maintains to purchase oil for the reserve, Deputy ... Read More
Biden approves oil lease sale, allowing drilling in Alaska’s Arctic refuge
The Biden administration has given approval for the sale of oil and gas leases in Alaska, leaving the door open for drilling in a portion of the pristine Arctic National Wildlife Refuge ... Read More
Why Biden Should Refill The Strategic Petroleum Reserve —Slowly
During the pandemic, the Biden Administration drew down the Strategic Petroleum Reserve ... to soaring oil prices by drawing down the SPR by a massive 300 million barrels, at a time when OPEC+ ... Read More
The Biden Administration’s Ongoing Strategic Petroleum Reserve Gamble
The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo ... President Biden inherited an SPR that contained 638 million barrels. Read More
US government buys oil for strategic reserves yet again – Commerzbank
The Biden administration has purchased oil for the Strategic Petroleum Reserve (SPR ... “The amount is 2.4 million barrels and is to be delivered in April and May 2025. In 2022, the US ... Read More
Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve
Alaska — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect ... Read More
Exclusive-Biden administration buys last oil for emergency reserve as fund taps out
WASHINGTON (Reuters) - The Biden administration said on Friday ... The purchase depleted the department's fund to buy back more oil for the reserve, it said. The 2022 sale of 180 million barrels of ... Read More
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