The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve (SPR). This Notice of Sale follows President Biden’s announcement yesterday authorizing the sale of crude oil from the SPR to address the significant market supply disruption caused by Putin’s war on Ukraine and aid in lowering energy costs for American families. The SPR will release approximately one million barrels of crude oil per day over the next six months. Crude oil in this emergency sale will enter the market in two releases. The first 90 ... (full story)