The United States has completed the release of the final batch of strategic petroleum reserve allocations

The United States has completed the awarding of contracts for the release of nearly 41 million barrels of crude oil from the Strategic Petroleum Reserve, marking the final batch of awards for the 172 million barrel emergency release plan. Companies such as Trafigura and ExxonMobil have received contracts. This release is the second largest in U.S. history and is part of a larger plan by the International Energy Agency.