U.S. Offers Up to 6 Million Barrels of Oil from Strategic Reserve

By Timothy Gardner WASHINGTON, Feb 28 (Reuters) - The U.S. Energy Department said on Thursday it is offering up to six million barrels of sweet crude oil from the national emergency reserve in a sale mandated by a previous law to raise funds to modernize the facility. A law U.S. President Donald Trump signed last year requires the department to hold sales to fund $300 … [Read more...]

Firms Complain of Contaminated Crude from U.S. Strategic Reserve

By Catherine Ngai NEW YORK, March 29 (Reuters) - Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters.  Problems with crude quality would make the U.S. Strategic Petroleum … [Read more...]