{"id":452015,"date":"2021-11-26T09:09:40","date_gmt":"2021-11-26T03:39:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452015"},"modified":"2021-11-26T09:56:41","modified_gmt":"2021-11-26T04:26:41","slug":"us-to-sell-32-mn-barrels-of-crude-from-4-sites-as-part-of-strategic-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-to-sell-32-mn-barrels-of-crude-from-4-sites-as-part-of-strategic-sale\/","title":{"rendered":"US to sell 32 mn barrels of crude from 4 sites as part of strategic sale"},"content":{"rendered":"<p>(Reuters) &#8211; The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices. <\/p>\n<p>International oil prices have held above $80 a barrel even after U.S. President Joe Biden&#8217;s administration announced on Tuesday it will release millions of barrels of oil from strategic reserves https:\/\/www.reuters.com\/markets\/commodities\/us-set-unveil-emergency-oil-release-bid-fight-high-prices-2021-11-23 in coordination with Britain, China, India, South Korea and Japan.<\/p>\n<p>However, traders said they expected the sale of SPR oil, which is mainly blended sour, or high-sulphur, crude, will depress the value of U.S. sour crude grades, such as Mars and Southern Green Canyon, and benefit buyers in Asia, which processes mainly high-sulphur oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) said as it auctions oil to try to lower global prices. International oil prices have held above $80 a barrel even after U.S. President Joe Biden&#8217;s administration announced on Tuesday it will release millions of barrels of oil from strategic reserves https:\/\/www.reuters.com\/markets\/commodities\/us-set-unveil-emergency-oil-release-bid-fight-high-prices-2021-11-23 in coordination with Britain, China, India, South Korea and Japan. However, traders said they expected the sale of SPR oil, which is mainly blended sour, or [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-452015","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=452015"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452015\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}