(EnergyAsia, April 30, Wednesday) — The US government will continue to buy crude oil for its strategic petroleum reserves (SPR) even with oil prices holding are well above US$100 a barrel, officials said. The US Energy Department expects to spend almost US$600 million to replace the 11 million barrels of crude it sold to refineries…
MARKETS: US to fill up storage tanks despite high oil price
Posted on April 29, 2008 by EnergyAsia