U.S. will sell 10 million barrels of sulfur-containing crude oil from strategic oil reserves

Source: Sinopec News Network News August 22, 2019

According to Platts Energy News, Houston, August 21, 2019, the US Department of Energy announced on Wednesday that the United States will sell 10 million barrels of sulfur-containing crude oil from strategic oil reserves, which are scheduled to be delivered in October and November.

The US Department of Energy said in a sale notice on Wednesday that the quotation must be received by August 28. The 10 million barrels of sulfur-containing crude oil will be stored in Bryan Mound and West from strategic oil reserves

Hackberry and Big Hill base for sale.

The US Department of Energy stated that the delivery period for the sale of 10 million barrels of sulfur-containing crude oil is from October 1 to November 30, so it cannot be delivered in advance. The minimum delivery scale for this sale is 100,000 barrels for pipelines, 250,000 barrels for ships and 40,000 barrels for barges.

The US Department of Energy stated in the notice: \"The shipper is responsible for ensuring that the availability of terminals and pipelines is sufficient to meet the delivery of all crude oil sold.\"