US DOE to buy up to 3 mil barrels of sour crude for Aug delivery to start SPR refill

The US Department of Energy May 15 announced plans to repurchase oil to begin replenishing the Strategic Petroleum Reserve, fulfilling Energy Secretary Jennifer Granholm’s commitment to lawmakers to begin the refill process this summer . The DOE issued a solicitation for up to 3 million barrels of sour crude for delivery in August to the Big Hill SPR site in…