Exclusive: Biden administration buys last oil for emergency reserve as fund taps out
Energy,Joe Biden,Biden Administration,Oil,Department Of Energy
From the Center
AllSides Media Bias Rating: Center
The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to counter fuel prices that had risen after Russia's invasion of Ukraine.
The Department of Energy said it had bought 2.4 million barrels of oil for the reserve for delivery from April through May to the SPR's Bryan Mound, Texas site.
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