Trump Offers 40M Barrels From US Oil Reserve — But Buyers Aren’t Biting: Global Refining Capacity Is The Problem, Says Top Oil Analyst
GasBuddy analyst Patrick De Haan says that the President Donald Trump administration’s plan to offer 40 million barrels of oil is not seeing as much interest from companies, pointing to global refining capacity woes. Department of Energy Issues Request for Proposal In an official statement on Tuesday, the Department of