Gate News Report, March 15 — The U.S. Department of Energy has issued a tender for the allocation of crude oil from the Strategic Petroleum Reserve (SPR), the nation’s emergency oil stockpile. The first batch of 86 million barrels is expected to begin market release by the end of next week. According to the document, participating companies are required to return the borrowed crude oil to the Department of Energy and provide an additional amount of crude oil as a premium. The document states that this approach will both replenish the U.S. strategic petroleum reserve and stabilize the market. The U.S. government also plans to add approximately 200 million barrels to the strategic reserve over the next year to maintain energy security. Data from the U.S. Energy Information Administration shows that as of the 6th of this month, the U.S. strategic petroleum reserve stands at 415.4 million barrels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TradFi Fall Alert: USDKRW (US Dollar vs South Korean won) Falls Over 1%
Gate News: According to the latest Gate TradFi data, USDKRW (US Dollar vs South Korean won) has dropped by 1% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews04-17 17:24
TradFi Rise Alert: US30500 (Dow Jones 30) Rises Over 1.5%
Gate News: According to the latest Gate TradFi data, US30500 (Dow Jones 30) has surged by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews04-17 15:22
U.S. 5-Year Treasury Yields Drop 10 Basis Points
Gate News message, April 17 — U.S. 5-year Treasury yields (benchmark measure of medium-term U.S. government borrowing rates) fell 10 basis points intraday.
GateNews04-17 15:01
U.S. Stock Indices Rise, Dow Jones Up 2%, Tech Stocks Gain Broadly
On April 17, U.S. stocks rose significantly, with the Dow Jones increasing by 2%, the S&P 500 by 1.12%, and the Nasdaq Composite by 1.34%. Key gainers included Boeing, Home Depot, and major tech companies like Tesla and Apple.
GateNews04-17 14:41
TradFi Fall Alert: XTIUSD (WTI Crude USOIL) Falls Over 8%
Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews04-17 13:20
U.S. Dollar Spot Index Erases All Gains Since Middle East War Outbreak
Gate News message, April 17 — The U.S. Dollar Spot Index has wiped out all gains accumulated since the outbreak of the Middle East conflict.
GateNews04-17 13:11
