US is to release 172mln barrels of crude from strategic petroleum reserve, according to Energy Department

The announcement of a 172 million barrels release from the U.S.

Newsquawk StaffPublished 11 Mar 2026, 23:16 UTCOn the live feed at 22:56 UTC — 4 more headlines followed before this page went public

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US is to release 172mln barrels of crude from strategic petroleum reserve, according to Energy Department

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Says:

Release will begin next week, with delivery expected to take around 120 days based on planned discharge rates, while the US will replace reserves by 20% more than what will be withdrawn.
SPR release is part of the broader coordinated crude oil release from IEA member countries in response to the Iran war.

Context

Strategic Petroleum Reserve aims to stabilize market conditions amid geopolitical tensions related to the Iran war. This coordinated effort with IEA members suggests a significant supply-side intervention that could pressure oil prices, particularly impacting WTI and Brent futures. The commitment to replenish reserves beyond what is withdrawn signals a long-term strategy to manage supply without compromising U.S. energy security.

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