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US Authorises Emergency Release of up to 400,000 Barrels of Oil From Reserve

The authorisation was issued to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana.

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US authorizes emergency release of up to 400,000 oil barrels from strategic reserve

·London, United Kingdom
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The US will urgently release up to 400,000 barrels of oil from the Strategic Petroleum Reserve (SPR) to compensate for the interruption in the supply of raw materials to the Phillips 66 refinery in Lake Charles, Louisiana.

U.S. Department of Energy authorizes emergency exchange of up to 400,000 barrels from the reserve to supply Phillips refinery 66

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In order to address the supply disruption affecting the Phillips 66 refinery.

The US Department of Energy announced today that it has approved the emergency release of up to 400,000 barrels of crude oil from the country's Strategic Petroleum Reserve.

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Business Daily broke the news on Friday, October 23, 2026.
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