The United States Department of Energy (DoE) announced on Friday that it will loan 26 million barrels of oil from the country's Strategic Petroleum Reserves (SPR) to American subsidiaries of nine major energy companies.
According to the department's official statements, the loans were granted to US divisions of BP PLC, Delek US Holdings Inc., Energy Transfer Crude Marketing, Exxon Mobil Corporation, Macquarie Commodities Trading, Marathon Petroleum Corporation, Shell PLC, Trafigura Group Pte. Ltd., and Vitol.
The DoE noted that the loans "will be returned with additional premium barrels by next year—supporting energy security and delivering value for the American people at no cost to taxpayers." It added that the selected companies "can begin scheduling deliveries immediately."
https://breakingthenews.net/Article/US-grants-oil-SPR-loans-to-nine-companies/66095845
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