Energy Department to Sell 30.6 Million Barrels Oil from US Emergency Stockpiles to 15 Private Companies

List of Fifteen (15) Companies Buying 30.6 Million Barrels of Crude Oil from USA Emergency Stockpiles

This is an interesting development that the government is selling its emergency stockpiles to private entities.

Traders and oil refiners are among the 15 companies that are buying roughly 30.6 million barrels of crude from the United States’ emergency stockpiles, the Energy Department announced today.

The following companies made offers to the Department of Energy's emergency supply of oil!

• Barclays Bank is buying 200,000 barrels of oil for $21 million.
• Conocophillips is buying 1.1 million barrels for $118.7 million.
• Conocophillips is buying an additional 1 million barrels for $106.3 million.
• ExxonMobil Oil Corporation is buying 1.51 million barrels for $163.6 million.
• Hess Energy Trading Co. is buying 2 million barrels for $212.6 million.
• JP Morgan Ventures Energy Corporation is buying 1.5 million barrels for $158 million.
• Marathon Petroleum is buying 1 million barrels for $107.3 million.
• Marathon Petroleum is buying an additional 1 million barrels for $105.8 million.
• Murphy Oil USA is buying 500,000 barrels for $53.4 million.
• Plains Marketing LP is buying 1.04 million barrels for $112.1 million.
• Plains Marketing LP is also buying an additional 1.04 million barrels for $111.1 million.
• Shell (USA) Trading Company is buying 500,000 barrels for $53.8 million.
• Shell (USA) Trading Company is also buying 1 million barrels for $107.2 million.
• Shell (USA) Trading Company is also buying 1 million barrels for $108.9 million.
• Shell (USA) Trading Company is also buying 650,000 barrels for $69.6 million.
• Sunoco Inc. (R & M) is buying 700,000 barrels for $74.7 million.
• Sunoco Inc. (R & M) is also buying 700,000 barrels for $74.7 million.
• Tesoro Refining and Marketing Company is buying 1.2 million barrels for $128.5 million.
• Trafigura AG is buying 550,000 barrels for $59 million.
• Trafigura AG is buying 550,000 barrels for $57.9 million.
• Valero Marketing and Supply Company is buying 2.15 million barrels for $233.2 million.
• Valero Marketing and Supply Company is also buying 1.95 million barrels for $210.9 million.
• Valero Marketing and Supply Company is also buying 2 million barrels for $214.1 million.
• Valero Marketing and Supply Company is also buying 400,000 barrels for $42.4 million.
• Valero Marketing and Supply Company is also buying 400,000 barrels for $42.4 million.
• Vitoil Inc., is buying 3 million barrels for $324.2 million.
• Vitoil Inc., is buying 1 million barrels for $108.1 million.
• bp oil suppl is buying 500,000 barrels for $52.5 million.

Source: Fuel Fix (blog)