US Energy Department Official says the US is not engaged in any discussions to release additional crude oil from strategic stockpiles

The statement from the US Energy Department indicates a clear stance on not releasing additional crude oil from strategic reserves, which suggests a commitment to current oil price levels amid potential supply concerns.

Newsquawk StaffPublished 2 Apr 2026, 14:35 UTCOn the live feed at 14:15 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

14:25

[MARKET UPDATE] T-notes extend to session highs as WTI continues to ease from its USD 113.97/bbl session high, currently holding above USD 100/bbl

14:19

US Transportation Department considers a permanent ban on Chinese air bag inflators tied to eight fatal car crashes

14:15

US Energy Department Official says the US is not engaged in any discussions to release additional crude oil from strategic stockpiles

14:02

US Secretary of State Rubio says China's recent actions against Panama-flagged vessels have raised serious concerns, impediments to movement of vessels undermines the stability of global supply chains and increases costs

14:02

Microsoft (MSFT) aims to create large cutting-edge AI models by 2027

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This could bolster oil prices in the short term, as market participants might interpret the lack of intervention as a signal of ongoing constraints in supply versus demand dynamics. It’s crucial for traders to monitor how this fits into the broader narrative of energy security and geopolitical tensions that might affect commodity markets.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

Steady upside of around 1% was seen across the crude complex following this update.

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/8 Sept · 19:59 UTC

IRGC says in light of the evils of the US army in targeting several oil tankers of Iran, we warn all oil tanker crews in the Kuwaiti and Bahraini ports, they will be targeted, Tasnim reports.

Brent crude, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.