The loans are part of an emergency drawdown of 172 million barrels authorized in March. Total stocks in the Strategic Petroleum Reserve remained unchanged last week at 283 million barrels, comprising 186.2 million barrels of sour and 96.8 million barrels of sweet crude. This current volume is the lowest level the reserve has seen since October 1982. The US Department of Energy has not confirmed the latest awards.
Wednesday, October 21, 2026
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US DOE Loans 25M SPR Barrels to Exxon and Other Trading Firms
Commodities7 days ago
Several oil majors and commodity houses received crude allocations from the US government's strategic stockpiles in September, according to sources. The US Department of Energy loaned between 20 million and 25 million barrels of crude to recipients including ExxonMobil, Macquarie, Centalion, Trafigura, Energy Transfer Partners and TotalEnergies' trading arm ATMI. ExxonMobil received the largest share with approximately 15 million barrels, representing more than half of the 40 million barrel offer made by the government.
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