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U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies

GateNews
GeopoliticsCommodities

Gate News message, April 18 — The U.S. Department of Energy's Strategic Petroleum Reserve program office announced on April 17 that it will loan over 26 million barrels of crude oil to nine oil companies. This marks the third release of strategic reserves by the Trump administration since the U.S.-Israel-Iran conflict began on February 28, aimed at moderating oil prices.

According to prior announcements, the third batch of strategic petroleum reserves will be delivered in two tranches during May and June 2026.

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