Bud's Offshore Energy (BOE)

…especially when the market price is higher than the price the government wants to pay. Per EIA data, the “tank” has been flat-lined at half-full for the past month.

So far, the agency has not repurchased any barrels. The DOE announced earlier this month (Jan.) that it would not finalize a proposed buyback of 3 million bbl, because it did not receive offers that met its terms for price or quality.

Energy Intelligence