The United States Energy Department Continues Execution of Strategic Reserve Release Commitments
The U.S. Department of Energy (DOE) announced on September 29, 2026, a Request for Proposal for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is part of the ongoing U.S. commitment to stabilize global oil markets and contribute to the 400-million-barrel release coordinated by the International Energy Agency. The exchange mechanism, which requires participating companies to return more oil than they borrow, simultaneously bolsters immediate supply and strengthens the SPR's long-term inventory without taxpayer expense.
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