The United States completes the final round of bidding for the release of strategic oil reserves under Trump's policy
2026-10-31 00:13:15
According to CoinMeta, the Trump administration in the United States has awarded contracts for nearly 41 million barrels of crude oil released from the national emergency oil reserves, completing a large-scale oil replacement program. The program was aimed at curbing soaring energy prices after the outbreak of the Iran war. The U.S. Department of Energy stated that companies such as Tok Trade and ExxonMobil Holdings received these contracts. This sale marks the final round of awards under the U.S. Strategic Petroleum Reserves' (SPR) emergency release program, which totaled 172 million barrels. This release is the second-largest in U.S. history and is part of a larger plan by the International Energy Agency (IEA), which aims to release 400 million barrels of oil into the global market. Since the outbreak of the war, the United States has released a total of 174.1 million barrels of oil, exceeding the previous commitment of 172 million barrels made together with the International Energy Agency.
Bullish 0
Bearish 0
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.