2022-01-26 12:40:00
U.S. RELEASES 13.4 MB
U.S. DOE - JANUARY 25, 2022 - WASHINGTON, D.C. — Today, the U.S. Department of Energy (DOE) approved seven additional exchanges of 13.4 million barrels of crude oil for release from the Strategic Petroleum Reserve (SPR). These releases fall under the authorization published in the DOE announcement on November 23, 2021. Exchange contracts were awarded to the following companies:
- Shell Trading US Company (4.2 million barrels)
- Trafigura Trading LLC (3 million barrels)
- Phillips 66 Company (2.3 million barrels)
- Macquarie Commodities Trading (2 million barrels)
- Chevron U.S.A. Inc. (0.885 million barrels)
- ExxonMobil Oil Corporation (0.515 million barrels)
- BP Products North America (0.5 million barrels)
Combined, DOE has provided nearly 40 million barrels of SPR crude oil to boost the nation’s fuel supply, including five previous exchanges. This is the second-largest crude oil exchange in U.S. history, with the first being the 2000 Heating Oil Exchange. As with all exchanges, companies that receive SPR crude oil through the exchange agree to return the amount of crude oil received, as well as an additional amount, dependent upon the length of time in which they hold the oil.
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Earlier:
2022, January, 21, 10:40:00
U.S. OIL INVENTORIES UP BY 0.5 MB TO 413.8 MB
U.S. commercial crude oil inventories increased by 0.5 million barrels from the previous week to 413.8 million barrels.
2022, January, 14, 11:45:00
U.S. OIL INVENTORIES DOWN BY 4.6 MB TO 413.3 MB
U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 413.3 million barrels.
2021, December, 23, 15:55:00
U.S. OIL INVENTORIES DOWN BY 4.7 MB TO 423.6 MB
U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week to 423.6 million barrels.
2021, December, 17, 12:20:00
U.S. OIL INVENTORIES DOWN BY 4.6 MB TO 428.3 MB
U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 428.3 million barrels.
2021, December, 10, 14:35:00
U.S. OIL INVENTORIES DOWN BY 0.2 MB TO 432.9 MB
U.S. commercial crude oil inventories decreased by 0.2 million barrels from the previous week to 432.9 million barrels.
2021, December, 3, 11:35:00
U.S. OIL INVENTORIES DOWN BY 0.9 MB TO 433.1 MB
U.S. commercial crude oil inventories decreased by 0.9 million barrels from the previous week to 433.1 million barrels.
2021, November, 26, 11:40:00
U.S. OIL INVENTORIES UP BY 1.0 MB TO 434.0 MB
U.S. commercial crude oil inventories increased by 1.0 million barrels from the previous week to 434.0 million barrels.
