EconomicMonetary Policy Action2026-05-12🇺🇸
US DoE awards contract to exchange 53.3 million barrels from SPR
source: US Department of Energy
On 2026-05-12, the US Department of Energy awarded contracts to exchange about 53.3 million barrels of crude oil from the Strategic Petroleum Reserve. The oil is to be sourced from SPR sites in the Gulf Coast region, with the move intended to supply the market and support energy security.
0.38Significance4.0Magnitude0.7Systemic0.9Market1Articles
Location
Washington, DCDCNorth AmericaUnited StatesNorth America38.895, -77.036
Story Links