Energy Department Authorizes Up to 400,000-Barrel SPR Release
The Department of Energy said it is releasing 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 department did not specify the nature of the disruption.
The Department of Energy on Friday said it is releasing up to 400,000 bbl of crude from the Strategic Petroleum Reserve to help deal with an oil supply disruption affecting the Phillips 66 Lake Charles Refinery in Louisiana.The department's announcement did not specify the nature of the disruption…