U.S. Energy Department to Replenish Strategic Petroleum Reserve

The U.S. Energy Department has announced plans to purchase 6 million barrels of oil to replenish the Strategic Petroleum Reserve, with deliveries scheduled from September through December. Deadline for bid submissions are June 12 and June 17. The oil will be stored at the SPR's Bayou Choctaw site.

The U.S. Energy Department is seeking to purchase 6 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR), it said in a statement on Friday.

The department announced two new solicitations for delivery to the SPR's Bayou Choctaw site from September through December, and said deadlines for bids will be June 12 and June 17, respectively.