Market news: The U.S. Department of Energy has approved the emergency transfer of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions caused by severe weather in the Gulf of Mexico. The companies in

2026-10-11

Market news: The U.S. Department of Energy has approved the emergency transfer of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions caused by severe weather in the Gulf of Mexico. The companies involved will return the borrowed crude oil in 2027, with an additional amount of crude oil as compensation.