DOE Awards the Biggest Exchange in the SPR's Fifty Years
James Forrestal Building, 1000 Independence Avenue SW, Washington, D.C. 20585, United StatesUS Department of Energy
CONFIRMÉCONFIANCE 92 %DOE's award announcement is dated 11 May 2026; the 92.5-million-barrel solicitation it answers was issued on 30 April 2026.[1]
After soliciting up to 92.5 million barrels from all four storage sites - the largest single exchange in the reserve's history - DOE awarded contracts for 53.3 million on 11 May 2026, at a return premium of about 28 per cent. That is 15.1 million extra barrels owed back to the stockpile.
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