Oil exchanges, as they are called, allow the DOE to loan out oil to companies who later pay back to the oil with extra barrels, which functions like interest on a loan.

The U.S. announced plans to release more oil to help global markets during the ongoing war with Iran, which has impacted ...

The US Department of Energy announced plans to release 53.3 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to help stabilize global fuel supplies.

May 11 (Reuters) - The Trump administration said on Monday it will loan ​energy ‌companies 53.3 million barrels of crude from ...

President Donald Trump's administration said on Thursday it is seeking to loan energy companies up to 92.5 million barrels of ...

(Bloomberg) -- The Trump administration plans to release 172 million barrels from the US emergency oil reserve as part of the coordinated effort by nations around the world to ease surging crude and ...

The Trump Administration is exploring “creative” ways to refill the Strategic Petroleum Reserve, including potentially ...

The Trump administration loans 53.3 million barrels of crude oil from the U.S. Strategic Petroleum Reserve to stabilize ...

The Trump administration plans to loan up to 92.5 million barrels from the Strategic Petroleum Reserve to stabilize oil ...

The US Department of Energy (DoE) issued on Thursday a request for proposals (RFP) for oil and gas companies seeking to participate in a swap that will open access to 92.5 million ...

The DOE said it has executed a historic, record-speed series of SPR exchange solicitations—the largest in the Reserve’s ...