US to Sell Oil From SPR Stocks Under Budget Deal

摘要

The US could sell around 100 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) over the next decade if a breakthrough deal on the federal budget is implemented as expected. Under a two - year budget compromise put together by outgoing Speaker John Boehner and the Obama administration, the Department of Energy would sell 58 million bbl of SPR crude over eight years to boost federal government revenues.