Government Oil Buys Go Retro for Emergency Stockpile
Published Date: 5/16/2025
Rule
Summary
The government is updating how it buys oil for the Strategic Petroleum Reserve by switching to contracts priced based on market indexes. This change makes the process match what the oil industry usually does and brings the rules back to how they used to be. If you’re involved in selling oil to the government, get ready for these updated contract rules!
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