Exclusive: U.S. aims to lease space in emergency oil stockpile, after buying plan canceled - sources - Business Insights

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Tuesday, March 31, 2020

Exclusive: U.S. aims to lease space in emergency oil stockpile, after buying plan canceled - sources

The Trump administration plans to lease out space for energy companies to store oil in the nation's Strategic Petroleum Reserve, after a previous effort to buy millions of barrels for the emergency stockpile was canceled over a lack of funding, according to two people briefed on the matter.
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