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Biden administration plans to buy 2.7M oil barrels to refill emergency stockpile

Por: Fox Business Business December 01, 2023

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Goldman Sachs Head of Oil Research Daan Struyven provides insight on the refinery sector on 'The Claman Countdown.' The Biden administration plans to buy 2.7 million to help replenish the nation's much-depleted emergency stockpile. The planned purchase for the oil is at an average price of $79 per barrel, the Department of Energy said in a statement on Friday.Biden sold off more than 40% of the Strategic Petroleum Reserve last... + full article



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