| | | The "Big Guy" still getting his 10%???
energy.gov
On April 1, 2022, DOE issued the second Notice of Sale for a price-competitive sale of 30 million barrels of SPR crude oil. A total of 16 companies responded to this notice, submitting 126 bids for evaluation. Contracts were awarded to the following 12 companies:
- Atlantic Trading & Marketing, Inc. (2.1 million barrels)
- Chevron USA (1.025 million barrels)
- Equinor Marketing & Trading (0.7 million barrels)
- ExxonMobil Oil Corporation (3.6 million barrels)
- Glencore Ltd. (2.6 million barrels)
- Marathon Petroleum Supply and Trading LLC (2.375 million barrels)
- Mercuria (0.5 million barrels)
- Motiva Enterprises LLC (4.05 million barrels)
- Phillips 66 Company (2.5 million barrels)
- Shell Trading (US) Company (2.75 million barrels)
- Unipec America, Inc. (0.95 million barrels)
- Valero Marketing and Supply Company (6.85 million barrels)
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freebeacon.com
Biden's Energy Department in April announced the sale of 950,000 Strategic Petroleum Reserve barrels to Unipec, the trading arm of the China Petrochemical Corporation. That company, which is commonly known as Sinopec, is wholly owned by the Chinese government. The Biden administration claimed the move would "address the pain Americans are feeling at the pump" and "help lower energy costs." More than five million barrels of oil released from the U.S. emergency reserves, however, were sent overseas last month, according to a Wednesday Reuters report. At least one shipment of American crude went to China, the report said. |
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