US cuts minimum delivery size for SPR oil by ship

Newswire

WASHINGTON, June 27 (Reuters) - The U.S. Energy Department on Monday cut the minimum delivery size by 50,000 barrels for the oil it will try to sell this week from the Strategic Petroleum Reserve that will be delivered by ship. Bids are due this Thursday on some 30 million barrels of crude the Obama administration is offering from the U.S. emergency petroleum stockpile to help ease expected tight global supplies later this year. The department altered the terms of the oil sale, lowering ...

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