How much oil is the U.S. offering to loan from the Strategic Petroleum Reserve, and what is the purpose of this loan?

The U.S. is offering to loan up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to energy companies in an effort to help push fuel prices down, as stated by the Department of Energy.

What are the repayment terms for companies borrowing oil from the SPR, and how does the government claim this benefits taxpayers?

Companies borrowing oil must return the original volumes plus premiums of up to 24% in the form of extra oil, and the Department of Energy states this system will help stabilize markets at no cost to U.S. taxpayers.

US offers to loan up to 40 million barrels of oil from Strategic Petroleum Reserve

Jun 10, 2026

The U.S. Department of Energy plans to loan up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to stabilize fuel prices. This initiative involves borrowers returning the oil plus premiums as part of a broader International Energy Agency effort to calm markets.

reuters

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