U.S. Grants First Oil From Biden’s Reserves Release to Exxon
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp.
The company will receive 4.8 million barrels of oil from the Strategic Petroleum Reserve as part of an exchange, the Department of Energy said Friday on its website. Delivery will be conducted from the Bryan Mound, West Hackberry and Bayou Choctaw storage sites.