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U.S. completes final contract awards for release of nearly 41 million barrels from emergency oil reserve
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.
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