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United States will release 400,000 barrels of oil from the strategic reserve

United States will release 400,000 barrels of oil from the strategic reserve
# 24 October 2026 00:10 (UTC +04:00)

The U.S. Department of Energy will release up to 400,000 barrels of oil from the Strategic Petroleum Reserve due to supply disruptions affecting refineries in Louisiana, APA reports.

According to the agency's statement, it "authorized the emergency release of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions" affecting the Phillips 66 refinery in Louisiana. The energy will be provided from the West Hackberry storage facility in that state. The terms of the exchange stipulate that the company will borrow crude oil from the reserve and will be required to return these volumes at a premium.

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