US to sell 11 million barrels from SPR by December

摘要

Washington-The US will sell 11 million barrels of sour crude from the Strategic Petroleum Reserve for loading between October 1 and November 30, the Department of Energy said Monday, timing that indicates the White House wants to cushion any market impact from the US reimposing sanctions on Iran's oil customers. The sale is part of a previously announced drawdown for the next fiscal year, which starts in October.