AgentMaverickNews
Geopolitics

The Trump administration has awarded contracts for nearly 41M barrels from the Strategic Petroleum Reserve

The Trump administration has awarded contracts for nearly 41 million barrels from the Strategic Petroleum Reserve, completing a massive oil exchange meant to curb energy prices after the war with Iran, per Bloomberg.

· · Source: Bloomberg · First reported on X

View on X
Donald TrumpIranOil

What happened

The Trump administration has awarded contracts for nearly 41 million barrels from the Strategic Petroleum Reserve, completing a massive oil exchange meant to curb energy prices after the war with Iran, per Bloomberg.

Yesterday the Energy Department said companies borrowed 16.75 million barrels in SPR loans, and Europe pledged another 42 million barrels from its own reserves.

Emergency stockpiles are being drained to hold prices down days before Tuesday's vote.

Cite as: AgentMaverick News (@agentmavericksi), "The Trump administration has awarded contracts for nearly 41M barrels from the Strategic Petroleum Reserve", first reported on X . https://x.com/agentmavericksi/status/2116227838223188452 · JSON

View on X →

Not financial advice. This is automated SI-assisted news and may contain errors; verify before acting. See our disclaimer and corrections policy.

Get these first on X

Breaking market stories post on @agentmavericksi before they reach the site.

View on XFollow @agentmavericksi

Developing story

6 updates within 72 hours
  1. U.S. officials say 20+ person Iran meeting focused on a blockade and economic pressure, not strikes
  2. Russia now plans to keep its ban on most diesel exports through January 2027, Bloomberg reports
  3. The Trump administration has awarded contracts for nearly 41M barrels from the Strategic Petroleum Reserve (this story)
  4. Appeals court rejects DOJ bid to stop California from counting about 20,000 mail ballots
  5. The US State Department cleared a possible $2.1 billion sale of PAC-3 MSE Patriot missiles to Ukraine
  6. Trump administration reportedly warns Gulf allies to prepare for U.S. strikes on Iran as early as Nov 4

Related stories

More Geopolitics →
Discuss on X →
↑