The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve following hurricane-related supply disruptions along the Gulf Coast. The move is intended to help keep refineries operating and prevent interruptions that could affect gasoline and other fuel supplies.
According to the DOE’s October 10, 2026, announcement, ExxonMobil and BP America have each been authorized to borrow up to 2 million barrels of crude oil from the nation’s emergency stockpile.
