The United States has purchased approximately 2.5 million barrels of oil to help refill the Strategic Petroleum Reserve after the largest draw down ever from the emergency reserve in 2022. The U.S. Department of Energy has announced that the Bryan Mound reserve site in Texas will receive monthly deliveries of approximately 800,000 barrels of relatively high-sulfur crude oil from January to March of next year. The department stated that a contract for purchasing oil worth more than $180.3 million was awarded to Macquarie Commodities Trading. The department also explained that it plans to buy up to 6 million barrels at a rate of 2 million barrels per month from January to March. However, the department did not immediately respond to an inquiry about whether the remaining 3.5 million barrels could be purchased for delivery to the Bryan Mound site during that time period. The Department of Energy pointed out that the administration has so far repurchased more than 47 million barrels at an average price of $76.89 per barrel, which is about $18 less than the average price of $95 per barrel at which the oil was sold in 2022. President Joe Biden’s administration is working to slowly refill the reserve after selling 180 million barrels from the facility in 2022 to control gasoline prices following the outbreak of the Russian-Ukrainian war.