U.S. authorizes 4M-barrel emergency oil release after Hurricane Isaias
The Department of Energy approved a weekend exchange of crude from the Strategic Petroleum Reserve to address hurricane-related Gulf supply interruptions.
The U.S. Department of Energy over the weekend authorized an emergency exchange of 4 million barrels of crude oil from the Strategic Petroleum Reserve. The release is intended to mitigate supply disruptions in the Gulf of America caused by Hurricane Isaias.