The White House may cancel a scheduled sale of crude oil from the strategic petroleum reserve this year, Energy Intelligence has reported, citing unnamed sources. According to the report, the sale concerns 26 million barrels of SPR oil that were scheduled to be sold by September this year. Energy Intelligence notes that these are not sales under the 180-million-barrel release program the White House announced and carried out last year in a bid to stabilize prices at the pump. These are sales mandated by Congress, and the news of the cancellation…
