US authorizes emergency release of up to 400,000 oil barrels from strategic reserve
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US authorizes emergency release of up to 400,000 oil barrels from strategic reserve Oct 23 (Reuters) - The US Department of Energy said on Friday it had authorized an emergency exchange of up to 400,000 barrels of crude oil from the nation's Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana.
(Reporting by Katharine Jackson and Ryan Patrick Jones; Editing by Katharine Jackson)
((ryan.jones@thomsonreuters.com; +1 437 242 1761))
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