US to release another batch of crude from SPR

The US Department of Energy (DOE) has issued a Request for Proposal (RFP) for an exchange of up to 40 million bbls of crude oil from its Strategic Petroleum Reserves (SPR). The move continues the DOE's rollout of the US' 172 million-bbl contribution to the International Energy Agency's (IEA) coordinated 400 million-bbl release by 32 ...