The United States has started releasing oil from its Strategic Petroleum Reserve (SPR) to ease rising energy prices.
Here’s what’s happening:
- The U.S. Department of Energy has allocated 42.5 million barrels in the first phase, out of a planned 172 million barrels.
- Deliveries began on March 20.
- The oil is being loaned to companies, not permanently sold.
Companies involved include:
- BP Products North America
- Gunvor USA
- Marathon Petroleum
- Shell Trading
In return, these companies are expected to pay back more oil than they receive—about 55 million barrels—which helps refill the reserve later.
The move comes as oil prices have surged بسبب the US-Israel–Iran conflict, and the goal is simple:
increase supply now to bring prices down.
In short: the U.S. is tapping its emergency oil stockpile to stabilize the market in the middle of a global energy shock, with plans to refill it later at a higher volume.
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