US uses 40 million barrels of oil from strategic reserve

The U.S. Department of Energy said it plans to release 40 million barrels of oil from the strategic oil reserve. It's from sb.by.

According to RIA Novosti, the tender document of the Ministry says:

The Strategic Petroleum Reserve Project Implementation Office (SPRPMO) of the U.S. Department of Energy ... announces the collection of exchange (loan) applications for up to 40,000,000 barrels of crude oil.

The document also states that the acceptance of applications from companies interested in the oil exchange deal is open until October 6. The oil will be supplied from the Bryan Mound and Big Hill storage facilities in Texas, 20 million barrels each from November to December 2026. The return of oil to the reserve is provided from July 2027 to December 2029, the US department added.

Earlier, the U.S. strategic oil reserve updated its lowest level since October 1982, falling to 283.8 million barrels at the end of the week ended September 25. In Texas declared a state of emergency amid record prices for diesel fuel

Trump announced the imminent end of the US war against Iran and the subsequent fall in oil prices