The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and lower gasoline prices. So far, the U.S. DOE, as authorized by President Joe Biden, has provided more than seven million barrels of SPR crude oil to companies, including the two previous exchanges awarded earlier in December.
“As with all exchanges, companies that receive SPR crude…U.S. Loans SPR Crude To ExxonMobil
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