The US Department of Energy has sold 4.32 million barrels of sweet crude from its Strategic Petroleum Reserve for a total of more than $285.7 million, an average of $66.14/b, according to documents posted to the agency’s website Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The agency sold 2 million barrels to Phillips 66 for nearly $131 million, or about $65.48/b; 1.62 million barrels to Marathon Petroleum for nearly $108.7 million, or about $67.09/b; and 700,000 barrels to Motiva Enterprises for about $46.1 million, or $65.86/b. Deliveries of the crude, expected to be completed by May, will be made by vessel and pipeline, according to a successful awards report on the sale. The sale was announced February 28 and offers were due by March 13. The sale was aimed at fulfilling the requirements of a section of the Bipartisan Budget Act […]