US DoE will loan 8.5mln bbls of crude oil from SPR to 4 companies

The US Department of Energy's decision to loan 8.5 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) signals a proactive approach to manage supply dynamics in the oil market.

Newsquawk StaffPublished 10 Apr 2026, 19:25 UTCOn the live feed at 19:05 UTC — 4 more headlines followed before this page went public

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19:18

US NEC Director says hope gas price spike isn't impacting other things; starting to see more ships come through straits; gasoline prices are high right now

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Chile's Codelco copper production down 9.8% Y/Y in February to 88.5k T

19:05

US DoE will loan 8.5mln bbls of crude oil from SPR to 4 companies

19:03

Israel will announce its commitment to the ceasefire at 4:00 am Beirut time to pave the way for Lebanon to be included in the ceasefire, Fars reports, citing You News, citing sources;

18:59

US state department says US urges Beijing to cease military, diplomatic and economic pressure against Taiwan; Meaningful exchanges should focus on dialogue between Beijing and Taiwan's democratically elected authorities without precondition

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Context

This move could provide temporary relief to prices, especially if demand remains steady, but it may also indicate underlying concerns about market balance moving forward.

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