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Reuters

Reuters

Exclusive-US to seek 6 million barrels of oil for reserve, amid low oil price

Reuters
Summary
Nutrition label

76% Informative

The Biden administration will seek up to 6 million barrels of oil for the Strategic Petroleum Reserve , a source said.

If completed, the purchase will match its largest yet in replenishment of the stash after a historic sale in 2022 .

The Department of Energy has taken advantage of relatively low crude prices that are below the target price of $ 79.99 per barrel.

The reserve currently holds 380 million barrels , most of which is sour crude.

VR Score

86

Informative language

91

Neutral language

62

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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