US DOE authorizes emergency exchange of up to 400,000 barrels of crude from SPR for Phillips 66 Lake Charles refinery

The US Department of Energy authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address a supply disruption at the Phillips 66 Lake Charles refinery in Louisiana. The oil is a loan that must be returned with extra barrels; the reserve is at its lowest level since 1982.

Detected & updated continuously · Source: Nebula