US First Batch of 86 Million Barrels of Strategic Petroleum Reserve to Hit Market Next Week

SadMoneyMeow

2026-03-15 14:08:10

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Viewpoint Network News: On March 13, the U.S. Department of Energy issued a tender for the allocation of crude oil from the Strategic Petroleum Reserve. The first batch of 86 million barrels is expected to begin market release by the end of next week.

According to the document, participating companies are required to return the borrowed crude oil to the U.S. Department of Energy and pay an additional amount of crude oil as a premium. The document states that this approach can both replenish the U.S. Strategic Petroleum Reserve and stabilize the market.

This allocation is part of the U.S. previously announced plan to release 172 million barrels of strategic crude oil.

Disclaimer: The content and data of this article are compiled by Viewpoint based on public information and do not constitute investment advice. Please verify before use.

(Edited by: Guo Jiandong)

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