Energy
U.S. Taps Strategic Oil Reserve Again as Diesel Tops $6
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her… The U.S.
Summary
The U.S. Department of Energy will offer another 40 million barrels of crude from the Strategic Petroleum Reserve as gasoline and diesel prices remain elevated nearly seven months into the Iran war. The barrels will be offered through an exchange, marking the final tranche of the 172 million barrels the United States pledged to a coordinated emergency release organized by the International Energy Agency. The SPR ended August with 286.6 million barrels after another 3.1 million barrels left the reserve during the week ending Aug.
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