U.S. awards contracts for 1 MMbbls of gasoline sale to five firms
7/4/2024 1:00:00 PM
The U.S. Department of Energy said that five companies including British oil giant bp and Swiss commodity trader Vitol have been awarded contracts for the sale of 1 MMbbls of gasoline from the U.S.-managed stockpile in northeastern states.
The sale will help in lowering prices ahead of the U.S. Independence Day holiday, as per the DoE.
Five companies responded to invitation for bids announced in May and all of them were awarded the contracts. The remaining winning bidders were George E. Warren LLC, Freepoint Commodities and Irving Oil.
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