The US Department of Energy’s Fossil Energy Office extended the deadline for bidding on crude oil it has offered for sale from the US Strategic Petroleum Reserve until 2 p.m. CDT on Sept. 6. It cited impacts from Hurricane Harvey along the US Gulf Coast, where the reserve’s storage facilities are located, as the reason for its Aug. 28 move.
FEO previously announced that it would sell 14 million bbl of sour crude from the SPR from three sites—Bryan Mound and Big Hill in Texas, and West Hackberry in Louisiana (OGJ Online, Aug. 22, 2017).
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