U.S. to Sell 26 Million Barrels of Strategic Reserve Oil Mandated by Congress

The Biden administration said on Monday it is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had been mandated by Congress in previous years. The sale will likely temporarily push the reserve below its current level of about 372 million barrels, the lowest level since 1983. U.S. Energy Department said bids on the oil are due on Feb. 28 and

U.S. to Sell 26 Million Barrels of Strategic Reserve Oil Mandated by Congress