Second Refiner Taps U.S. Oil Reserve as Gulf Output Remains Shut

摘要

The U.S. is granting a second refiner in Louisiana access to the country’s emergency crude stockpiles as most oil-producing platforms in the Gulf of Mexico remain offline after HurricaneIda.Placid Refining Co. will receive 300,000 barrels of crude from the Strategic Petroleum Reserve, the Department of Energy said Friday, following 1.5 million granted to Exxon Mobil Corp.Thursday. The so-called exchanges require the companies to pay back in kind within two to three months, plus some extra barrels.