DOE PLANS TO HALT IN SPR PURCHASES

The U.S. Department of Energy proposes to halt purchases of crude oil for the Strategic Petroleum Reserve as part of its fiscal 1995 budget request. The SPR held 587.1 million bbl of crude at the end of December 1993 and will hold 591.6 million bbl by Oct. 1. DOE proposes to stop all SPR oil purchases and shift to other programs the $107 million it has available to buy oil. The DOE budget proposal is part of the Clinton administration's $1.52 trillion budget proposal.

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