SOURCE: US Department of Energy press releases (PRIMARY - official)
Accessed: 16 Sep 2026

URL: https://www.energy.gov/articles/energy-department-initiates-strategic-petroleum-reserve-emergency-exchange-stabilize
Energy Department Initiates Strategic Petroleum Reserve Emergency Exchange to Stabilize Global Oil Supply | Department of Energy Skip to main content Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock Locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Hydrocarbons and Geothermal Energy Office Topics Main Menu Topics View all Topics Energy Sources Learn about the resources and technologies used to produce power across the United States. Energy Usage Explore how energy is consumed in homes, businesses, transportation, and industry. Policy Understand the laws, regulations, and strategies that guide energy decisions and national priorities. Science & Innovation See how research, discovery, and new technologies are shaping the future of energy. Economy Discover how energy affects jobs, markets, investment, and economic growth. National Security & Safety Learn how energy systems support resilience, infrastructure protection, and public safety. News & Events Main Menu News & Events View all News & Events September 10, 2026 Hydrocarbons and Geothermal Energy Office Announces $300,000 to Help Identify Hidden Geothermal Systems Competitors will develop models and algorithms to support geologic and geophysical… Read more Geothermal View all Press Releases FACT SHEET: Delivering on President Trump's Promise to Unleash Prosperity and Security for the United States and Venezuela FACT SHEET: The Golden Era of American Nuclear Energy Has Arrived Fact Sheet: Operational Closure of Radioactive Liquid Waste Tanks View all Fact Sheets Sep 15 10:00AM EDT - 6:00PM EDT Permian Energy Dialogues Sep 17 6:30PM EDT - 8:00PM EDT Paducah EM SSAB Meeting (September 2026) Sep 14 9:00AM EDT - 5:00PM EDT National Clean Energy Week (NCEW) 2026 View all Events About Main Menu About Mission Supporting USA energy, science, and security priorities. History & Achievements Nobel Prize Laureates Contact Us Access general information and ways to connect with the Department of Energy. Careers Internships & Fellowships Apprenticeships & Workforce Development Work at DOE Funding Opportunities Energy Department Initiates Strategic Petroleum Reserve Emergency Exchange to Stabilize Global Oil Supply DOE issued a Request for Proposal for an exchange of up to 86 million barrels of crude oil from the Strategic Petroleum Reserve, the first tranche of the 172-million-barrel exchange announced as part of the International Energy Agency’s collective release of 400 million barrels of oil. Energy.gov March 13, 2026 Estimated Read Time   min WASHINGTON — The U.S. Department of Energy (DOE) today issued a Request for Proposal (RFP) for a crude oil exchange from the Strategic Petroleum Reserve (SPR) as part of the 172-million-barrel exchange  announced  earlier this week. This first RFP will be for 86 million barrels of crude oil. Under the terms of the exchange, companies will return the borrowed oil to DOE with additional barrels as a premium, strengthening the Strategic Petroleum Reserve while stabilizing markets at no cost to American taxpayers. Early deliveries are expected to begin moving to market by the end of next week. Barrels will be made available from the SPR’s Bryan Mound, West Hackberry, and Bayou Choctaw. Return barrels will be delivered back to DOE on a schedule designed to protect commercial markets and the American people, while ensuring the reserve remains a critical national security asset. “Today’s action reflects President Trump's continued commitment to safeguarding U.S. energy security and contributing constructively to global market stability,” said Kyle Haustveit, Assistant Secretary of the Hydrocarbons and Geothermal Energy Office.  “By participating in the coordinated international release, we are helping ensure that supply remains reliable during a period of heightened global uncertainty. We will continue to work closely with our partners to support a resilient energy system while maintaining the long‑term strength and readiness of the Strategic Petroleum Reserve.” The exchange is part of a coordinated international effort requested by President Trump, in which International Energy Agency member nations agreed to release 400 million barrels of oil from strategic reserves. The action comes as global oil supply routes face disruption from escalating tensions in the Middle East and attacks carried out by Iran and its proxies, threatening the reliable flow of energy through critical maritime corridors. Today, the SPR holds approximately 415 million barrels, up from roughly 395 million barrels one year ago. The Trump Administration continues to pursue additional opportunities to strengthen the reserve and restore its long-term readiness as a cornerstone of American energy security. Bids for the  solicitation are due no later than 5:00 P.M. CT on Tuesday, March 17, 2026.  For more information on the SPR, please visit  DOE’s website . ### 

URL: https://www.energy.gov/hgeo/opr/articles/energy-department-issues-rfp-continue-swift-execution-president-trumps-172
Energy Department Issues RFP to Continue Swift Execution of President Trump’s 172-Million-Barrel Strategic Petroleum Reserve Exchange | Department of Energy Skip to main content Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock Locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Hydrocarbons and Geothermal Energy Office Topics Main Menu Topics View all Topics Energy Sources Learn about the resources and technologies used to produce power across the United States. Energy Usage Explore how energy is consumed in homes, businesses, transportation, and industry. Policy Understand the laws, regulations, and strategies that guide energy decisions and national priorities. Science & Innovation See how research, discovery, and new technologies are shaping the future of energy. Economy Discover how energy affects jobs, markets, investment, and economic growth. National Security & Safety Learn how energy systems support resilience, infrastructure protection, and public safety. News & Events Main Menu News & Events View all News & Events September 10, 2026 Hydrocarbons and Geothermal Energy Office Announces $300,000 to Help Identify Hidden Geothermal Systems Competitors will develop models and algorithms to support geologic and geophysical… Read more Geothermal View all Press Releases FACT SHEET: Delivering on President Trump's Promise to Unleash Prosperity and Security for the United States and Venezuela FACT SHEET: The Golden Era of American Nuclear Energy Has Arrived Fact Sheet: Operational Closure of Radioactive Liquid Waste Tanks View all Fact Sheets Sep 15 10:00AM EDT - 6:00PM EDT Permian Energy Dialogues Sep 17 6:30PM EDT - 8:00PM EDT Paducah EM SSAB Meeting (September 2026) Sep 14 9:00AM EDT - 5:00PM EDT National Clean Energy Week (NCEW) 2026 View all Events About Main Menu About Mission Supporting USA energy, science, and security priorities. History & Achievements Nobel Prize Laureates Contact Us Access general information and ways to connect with the Department of Energy. Careers Internships & Fellowships Apprenticeships & Workforce Development Work at DOE Funding Opportunities Energy Department Issues RFP to Continue Swift Execution of President Trump’s 172-Million-Barrel Strategic Petroleum Reserve Exchange DOE Delivers Historic Request for Proposal Execution to Secure Global Oil Supply Stability Office of Petroleum Reserves April 30, 2026 Estimated Read Time   min WASHINGTON —The U.S. Department of Energy (DOE) today issued a Request for Proposal (RFP) for an emergency exchange of up to 92.5-million-barrels of crude oil from the Strategic Petroleum Reserve (SPR). Today’s solicitation opens competitive bidding, continuing DOE’s execution of President Trump’s swift 172-million-barrel release as part of a coordinated 400-million-barrel action by International Energy Agency (IEA) member nations’ strategic reserves. Under President Trump’s leadership, the Department has executed a historic, record-speed series of SPR exchange solicitations—the largest in the Reserve’s 50-year history, moving critical crude oil supplies quickly to market to address short-term oil flow disruptions and strengthen energy security for the United States and its allies. The crude oil will originate from the SPR's  Bayou Choctaw, Bryan Mound, Big Hill, and West Hackberry sites. This action builds on the Department’s three previous emergency exchange RFPs, which together quickly awarded approximately 80 million barrels across two completed exchanges. DOE’s earlier exchanges demonstrated the SPR’s ability to rapidly deliver crude oil under emergency authorities while securing a 24 percent premium in returned crude oil barrels—growing the reserve at no cost to American taxpayers. “With today’s announcement, we are issuing an additional exchange to continue the President’s commitment to the coordinated release,” said DOE Assistant Secretary for the Hydrocarbons and Geothermal Energy Office Kyle Haustveit . “These actions help move oil quickly into the market, address short-term supply pressures, and ensure that the Strategic Petroleum Reserve remains strong through the return of premium barrels.” Under DOE’s exchange authority, participating companies will return the borrowed 92.5-million-barrels of crude with additional premium barrels, ensuring the SPR grows beyond current levels while delivering immediate supply to refiners and global oil markets. Bids for this  solicitation are due no later than 11:00 A.M. Central Time on Monday, May 4, 2026. For more information on the SPR, please visit  DOE’s website .  ### 
