Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics
←Back to story

US loans 40 million barrels of oil from SPR, in last share of global agreement | Reuters

ReutersView source article

Part of story

US loans 40 million barrels from Strategic Petroleum Reserve in final share of global agreement

The US government announced that oil companies have agreed to borrow approximately 40 million barrels of crude from the Strategic Petroleum Reserve, completing the US portion of a global deal aimed at controlling fuel prices following the start of the US and Israel war on Iran.

Oct 30, 2026·2 sourcesFederal agenciesUS emergency oil-reserve loanIran WarEnergyOil prices & energy marketsU.S. energy policyTrump administration
US loans 40 million barrels from Strategic Petroleum Reserve in final share of global agreement
00

Other sources for this story

Theepochtimes

US to Tap Petroleum Reserve for 400,000 Barrels in Exchange to Shore Up Louisiana Refinery