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
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins92% CONFIDENCEOverall confidence: 92%How well the pin's source and references back up its dates.Weighted average of how firmly 3 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better144 days agoDOE'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.