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U.S. Department of Energy: To Lend 8.5 Million Barrels of Crude Oil from Strategic Petroleum Reserve to 4 Companies

11 April 2026

BlockBeats News, April 11, the US Department of Energy announced that it will lend 8.5 million barrels of crude oil from the Strategic Petroleum Reserve to 4 companies. Firms borrowing crude oil from the US Strategic Petroleum Reserve include Macquarie and Phillips 66. (FX168)