in Short
- The US Department of Energy authorized an emergency exchange of up to 4 million barrels from the Strategic Petroleum Reserve (SPR).
- ExxonMobil and BP America can borrow up to 2 million barrels each to maintain refinery operations amid Hurricane Isaias-related disruptions.
- SPR inventories reportedly fell to 283 million barrels, their lowest level since October 1982.
- The move comes amid weather-related supply disruptions and tensions involving Iran.
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War Updater 🚨Breaking News 🇺🇸 The US Department of Energy has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This measure aims to offset acute supply disruptions in the Gulf Coast caused by Hurricane…
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