1 Million Barrel Crude Oil Loan to Bolster Gulf Coast Fuel Supply

Strategic Petroleum Reserve barrels stand ready to ensure U.S. energy security. (File Photo)
Strategic Petroleum Reserve barrels stand ready to ensure U.S. energy security. (File Photo)

DOE Partners with ExxonMobil to Address Crude Oil Delivery Disruptions at Baton Rouge Refinery

The U.S. Department of Energy (DOE) has authorized an exchange of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) with ExxonMobil Corporation to address logistical challenges disrupting crude oil deliveries to its Baton Rouge refinery.

Announced today, the move aims to stabilize transportation fuel supplies across Louisiana and the Gulf Coast during peak demand season.

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Energy Secretary Chris Wright emphasized that the exchange preserves the SPR’s operational flexibility and supports ongoing efforts to refill the reserve. ExxonMobil will return the borrowed crude plus additional barrels at no taxpayer cost.

The DOE continues to coordinate with industry to ensure fuel supply chain stability, reinforcing President Trump’s commitment to energy security through responsible SPR management and efficient refinery operations.


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