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In June 2026, companies agreed to borrow only about 500,000 barrels from the Strategic Petroleum Reserve because terms required returning extra crude equivalent to premiums of up to 24 percent.

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From the articleUS solicits exchange of up to 17 million barrels of oil from strategic reserve | ReutersAlso in US seeks bids to exchange 17 million barrels of crude from strategic reserve
44582fbbeArticle

US solicits exchange of up to 17 million barrels of oil from strategic reserve | Reuters

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44582fbbeArticle

US seeks bids to exchange 17 million barrels of crude from strategic reserve

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