US to sell 32 million bbls from 4 sites as part of strategic sale

us to sell 32 million bbls from 4 sites as part of strategic sale

Sumary of US to sell 32 million bbls from 4 sites as part of strategic sale:

  • 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.
  • 14.One trader speaking on condition of anonymity said, spread over four months, the release equated to a steady 270,000 barrels per day stream of medium sour grades providing direct competition to Mars.

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