Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

Exclusive: U.S. plans to lease space to energy companies to store oil in emergency reserve

Reuters

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The U.S. Department of Energy plans to announce as soon as Wednesday it will allow oil companies to lease space in the Strategic Petroleum Reserve (SPR), as it tries to comply with President Trump's directive to fill the facility to capacity, two industry sources said.

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