U.S. to sell up to 10 mln bbls of oil from emergency reserve for Nov. delivery

Sherritt International

19/09/2022 20:00

WASHINGTON, Sept 19 (Reuters) - The U.S. Energy Department
said on Monday it will sell up to 10 million barrels of oil from
the Strategic Petroleum Reserve, for delivery in November,
extending the timing of a plan to sell 180 million barrels from
the stockpile to tame petroleum prices. 
    President Joe Biden's plan announced in March had aimed to
sell 180 million barrels by the end of October. So far only 155
million barrels have been sold and the next sale will bring the
total to 165 million barrels, the department said.        
    

 (Reporting by Timothy Gardner in Washington and Arathy
Somasekhar in Houston; Editing by Chizu Nomiyama)
 ((timothy.gardner@thomsonreuters.com; +1 202 380-8348 (Twitter
@timogard); Reuters Messaging:
timothy.gardner.thomsonreuters.com@reuters.net))