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US to release more crude oil from strategic reserve

Published : Monday, 26 October, 2026 at 4:43 PM

Observer Online Report

Collected Photo

The United States has approved the release of an additional 400,000 barrels of crude oil from its Strategic Petroleum Reserve (SPR) to maintain supplies to a refinery in Louisiana following a temporary disruption, the US Department of Energy said on Friday.

According to Reuters, the oil will be supplied to the Lake Charles refinery, operated by Phillips 66, to keep operations running and sustain fuel production for transportation in Louisiana and surrounding areas.

The refinery has a crude oil processing capacity of around 264,000 barrels per day. A Phillips 66 spokesperson confirmed the supply from the strategic reserve but declined to provide further details on the refinery’s operations and commercial activities. The spokesperson said the company did not expect any impact on the refinery’s operations.

The release comes as the US Strategic Petroleum Reserve remains at its lowest level since 1982. Disruptions to oil supplies amid the war between the United States and Iran prompted President Donald Trump to order releases from the reserve.

The administration of former president Joe Biden also tapped the reserve following Russia’s invasion of Ukraine, when concerns grew over disruptions to Russian oil supplies.

The SPR is designed to help ensure crude oil availability during emergencies and maintain domestic supplies when disruptions threaten the energy market. The latest release, however, is primarily aimed at addressing a temporary supply problem at the Lake Charles refinery.

-AH

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Editor : Iqbal Sobhan Chowdhury

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