In a move to reinforce the Strategic Petroleum Reserve, the U.S. Energy Department has awarded contracts for the acquisition of 3.25 million barrels of oil. The contracts were distributed among ExxonMobil for 1.05 million barrels, Macquarie Commodities Trading for 1.2 million barrels, and Sunoco for 1 million barrels. This strategic initiative aims to enhance national energy security and readiness by replenishing vital oil reserves.
US Energy Department Secures Contracts for Strategic Petroleum Reserve Refill