Politics

US to repurchase crude for Strategic Petroleum Reserve

The initial repurchase will be of up to 3 million barrels of crude

Refilling the reserve: US President Joe Biden announced a plan to allow companies to sell in fixed-price contracts to the Strategic Petroleum Reserve.
Refilling the reserve: US President Joe Biden announced a plan to allow companies to sell in fixed-price contracts to the Strategic Petroleum Reserve.Photo: AFP/SCANPIX
Houston
Published 19 December 2022, 04:56Updated 19 December 2022, 08:27
Strategic Petroleum ReservesUSJoe BidenAmericasNorth America