(Washington, D.C.) – The U.S. Department of Energy’s (DOE) Office of Petroleum Reserve announced a supplemental solicitation for up to 3 million barrels of oil for delivery in January 2024. This is the second solicitation for January 2024 delivery as DOE aims to purchase oil when it can purchase it at a good deal for taxpayers: a price of $79 dollars per barrel or below, far less than the average of about $95 per barrel DOE received for 2022 emergency SPR sales.
Bids for the solicitation are due no later than November 20th. The DOE will continue to release monthly solicitations for any available capacity through at least May 2024.
