DOE Approves Oil Reserve Swap to Support Gulf Coast Fuel Supply
TL;DR Summary
The U.S. Department of Energy approved an exchange of up to one million barrels of oil from the Strategic Petroleum Reserve with ExxonMobil to support refinery operations affected by offshore supply disruptions, with ExxonMobil returning the oil and additional barrels at no cost to taxpayers, aiming to stabilize regional fuel supplies and maintain energy independence.
Topics:business#energy#energy-independence#exxonmobil#oil-exchange#refinery-restoration#strategic-petroleum-reserve
- DOE approves giving ExxonMobil a million barrels of oil from reserve upi.com
- Exxon to halt Mars crude purchases until zinc contamination fixed, sources say Reuters
- Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply in Gulf Coast Department of Energy (.gov)
- Chevron says offshore well start-up caused Mars crude quality issues MSN
- US OKs exchange with Exxon Mobil to aid Gulf Coast supplies MarketScreener
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