DOE accepts bids to stock home heating oil reserve

The US Department of Energy has accepted the bids of two companies offering to store 2 million bbl of home heating oil in the northeastern US. Morgan Stanley Capital Group Inc. will supply and store 1 million bbl at Amerada Hess Corp.'s First Reserve Terminal at Woodbridge, NJ; and Equiva Trading Co. will provide 1 million bbl of distillate for two New Haven, Conn., sites.

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