https://www.live-feeds.com/feed/us-solicits-exchange-of-up-to-17-million-barrels-of-oil-from-strategic-reserveContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-solicits-exchange-of-up-to-17-million-barrels-of-oil-from-strategic-reservehttps://www.live-feeds.com/feed/us-solicits-exchange-of-up-to-17-million-barrels-of-oil-from-strategic-reserve#u138536Tue, 20 Oct 2026 04:47:14 +0000The US Department of Energy issued a request for proposals on Friday, October 16, inviting energy companies to borrow up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This move comes as the global benchmark Brent crude reached $110 a barrel. The solicitation aims to provide liquidity to the market as a fuel crisis deepens and energy markets face pressure from a war with Iran and potential withdrawals linked to hurricane activity.Why it mattersThe SPR currently holds its lowest oil stock level since 1982. These reserves serve as a critical emergency buffer for t