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U.S. Department of Energy Seeks to Lend 40 Million Barrels of Strategic Reserves on June 11

2026-06-10 19:24:49

According to Jin10, the U.S. Department of Energy announced on June 11 (Wednesday) that it is seeking to lend up to 40 million barrels of strategic petroleum reserves (SPR) to energy companies to help lower fuel prices. The plan is part of a prior agreement to release 172 million barrels, of which approximately 133 million barrels have already been lent out. Borrowing companies must return the same volume of crude oil plus repayment with an additional premium of up to 24%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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