The United States has completed contract awards for the release of nearly 41 million barrels of crude oil from the Strategic Petroleum Reserve, according to a ChainCatcher newsflash. The awards mark the final batch under a broader emergency release plan totaling 172 million barrels. Companies including Trafigura Trading and Exxon Mobil Corp. affiliates were among those that received contracts. The release ranks as the second-largest in U.S. history and forms part of a wider program coordinated with the International Energy Agency. The update focuses on the completion of the award process and identifies the participating companies and the scale of the release, without disclosing additional contract details in the source text.
The United States has completed contract awards for the release of nearly 41 million barrels of crude oil from the Strategic Petroleum Reserve, according to ChainCatcher. The awards represent the final batch under an emergency release plan covering 172 million barrels.
Companies including Trafigura Trading and Exxon Mobil Holdings received contracts. The release is the second-largest in U.S. history and is part of a broader plan tied to the International Energy Agency.
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