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Shell, Phillips 66 purchase majority of U.S. strategic reserve sale

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WASHINGTON, D.C. (Bloomberg) -- Phillips 66 and Royal Dutch Shell Plc walked away with about 3.3 MMbbl of the 5 million that the Energy Department sold in what will be the first release from the U.S. Strategic Petroleum Reserve since 2012. Exxon Mobil Corp., Marathon Petroleum Corp. and Mercuria Energy Asset Management BV also were named winners in the department’s report on successful offers.


Shell, Phillips 66 purchase majority of U.S. strategic reserve sale Shell, Phillips 66 purchase majority of U.S. strategic reserve sale Reviewed by Crude Oil Brokers on 11:50 Rating: 5

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