https://www.nasdaq.com/articles/u.s.-awards-supply-contracts-for-3-mln-bbl-spr-purchase-at-$73-bbl
The U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel.
The DOE had announced the purchase plan in May as a step to refill the emergency stockpile after a record release following Russia's invasion of Ukraine.
The department also said on Friday it launched a new solicitation for another 3 million barrels for delivery to the stockpile in September.
[link] [comments] https://www.reddit.com/r/stocks/comments/145j8ns/us_awards_supply_contracts_for_3_mln_bbl_spr/
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