US Offers Another 17 Million SPR Barrels As Fuel Crisis Deepens
By Julianne Geiger of OilPrice.com,
The United States is putting another 17 million barrels of crude from the Strategic Petroleum Reserve on offer, one day after the IEA accelerated emergency stock releases as governments scramble to get more oil and fuel into a tight market.
The Department of Energy issued a request for proposals Friday for an exchange of up to 17 million barrels, part of the 172 million barrels Washington committed to make available under the IEA’s 400-million-barrel emergency action announced in March.
The SPR currently holds about 283 million barrels. If companies take the full 17 million barrels before any repayments arrive, inventories would fall to roughly 266 million barrels—squarely inside the 250-million-to-300-million-barrel range generally considered the reserve’s operational minimum zone.
There is one rather large catch: somebody has to want the oil.
DOE offered the final portion of its March commitment in June, requiring companies to return the borrowed crude later with premiums of as much as 24%. Companies agreed to take only about 500,000 barrels.
The government is trying again. The API estimated that U.S. crude stocks fell 11.12 million barrels last week, following a 2.09-million-barrel decline the previous week. Commercial inventories have lost more than 51 million barrels over the last 26 weeks.
Friday’s solicitation follows another escalation in the emergency-stock campaign. The IEA said Thursday that members would accelerate the roughly 100 million barrels still outstanding from March, including more than 20 million barrels of diesel as soon as possible.
Washington is now putting 17 million more barrels on the table, with the SPR sitting at 283 million barrels in a market that already showed once this summer that borrowing government crude on expensive repayment terms is not necessarily a deal refiners want.
Tyler Durden Fri, 10/16/2026 – 21:45
Source: https://freedombunker.com/2026/10/16/us-offers-another-17-million-spr-barrels-as-fuel-crisis-deepens/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,835,211,046 |
| Stories: | 8,722,091 |
Whistler Blowers, Insiders
