US DoE says nine companies taking the US SPR oil loans includes BP (BP LN), Energy Transfer (ET), and Exxon (XOM)

The announcement from the US Department of Energy indicates that major companies, including BP, Energy Transfer, and Exxon, are taking loans from the Strategic Petroleum Reserve (SPR).

Newsquawk StaffPublished 17 Apr 2026, 19:51 UTCOn the live feed at 19:31 UTC — 6 more headlines followed before this page went public

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19:35

News Network Host Ruhollah Razavi says according to information obtained, all of Trump's tweets are lies, Tasnim reports

19:34

ECB's Kocher says base line scenario is best case scenario; warns against pre-emptive ECB rate action on uncertainty

19:31

US DoE says nine companies taking the US SPR oil loans includes BP (BP LN), Energy Transfer (ET), and Exxon (XOM)

19:29

Iran Foreign Minister Spokesperson says lifting sanctions is very important to us; compensating for the damages incurred is of particular importance to Iran

19:27

Blue Owl's (OWL) co-CEOs are removing one drag on its stock by revising the terms of personal loans they took out against their shares, WSJ reports, citing sources

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Context

This could signify potential support for oil prices, as it reflects trust in these companies' ability to manage supply effectively, but it also raises questions about demand sustainability and market dynamics. Investors should watch how this impacts WTI prices and broader energy sector sentiment.

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