 Home > Chemicals Industry > Petrochemical News > Biden will develop plans to complete the sale of oil from the strategic reserve and stimulate U.S. oil production

Biden will develop plans to complete the sale of oil from the strategic reserve and stimulate U.S. oil production

 Last Update: 2022-10-25
 Source: Internet
 Author: User

Tags

strategic principles

energy storage companies

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Foreign news on October 18, a senior US government source said that Biden will continue to sell oil in the Strategic Petroleum Reserve (SPR) until December, and will propose a plan to replenish the strategic reserve at lower than the current price on Wednesday to help fill the current supply gap and promote oil companies to increase production
in the future.

The Biden administration agreed to buy oil at or below $67 to $72 a barrel to replenish the Strategic Petroleum Reserve
, senior administration sources said.

Biden will reiterate that gasoline companies are too profitable and that they should cede profits to consumers
.

Senior U.
S.
government officials say the Strategic Petroleum Reserve remains the largest and that the U.
S.
Department of Energy is willing to sell more oil
after December if necessary.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

petroleum wax

CAS No.: 497-19-8

industry Grade

$980-1080/MT FOB

Best low temerature flow improver for diesel fuel MDFI

CAS No.: 24937-78-8

Chemical Grade

$3900-4200/MT EXW

Wholesale Fully Refined Paraffin Wax 58 60 Paraffin Wax 58-60 for Candle Making

CAS No.: 8002-74-2

Industrial Grade

$850-1100/MT FOB

Hot Tags

jobs united states(236)

united states jobs(223)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

ups united states(221)

announcements today(81)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.