US Authorizes Emergency Release of Up to 400,000 SPR Barrels
The Department of Energy authorized an emergency exchange of up to 400,000 barrels of crude from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana.
The US Department of Energy said on Friday it had authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana.The SPR is already at the lowest level since 1982 a…