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Seven of the eight buyers announced Friday are headquartered in the U.S.: Atlantic Trading & Marketing Inc., Equinor Marketing & Trading, Macquarie Commodities Trading U.S., Marathon Petroleum Supply and Trading, Motiva Enterprises, Phillips 66, and Valero Marketing and Supply Company.The only foreign-based company to purchase from the last release is Shell Trading , a subsidiary of Shell plc, headquartered in London.
President Biden announced March 31 that the U.S. would release roughly a million barrels of oil a day from its reserves for six months.
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