After drawing over 221 million barrels of oil from the Strategic Petroleum Reserve (SPR) in 2022, Washington is having a tough time refilling it in the New Year, with the Department of Energy (DoE) rejecting the first offers on the grounds that they failed to benefit taxpayers. The DoE has by now received several offers for February purchases to refill the SPR, according to both Bloomberg and Reuters.
However, those offers have been rejected as too expensive or failing to meet other requirements. For February, the plan was to purchase…Washington Has Trouble Refilling The SPR After 220 Million Barrel Draw
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