On March 13, local time, the US Department of Energy issued a tender for the transfer of crude oil from strategic petroleum reserves. This is part of the 172 million barrels of crude oil transfer plan announced earlier this week. This first tender involved 86 million barrels of crude oil. According to the exchange clause, the company will return the crude oil loaned to the US Department of Energy and provide an additional amount of crude oil as a premium, which can not only strengthen strategic oil reserves, but also stabilize the market. The first batch of crude oil is expected to enter the market next weekend.

On March 13, local time, the US Department of Energy issued a tender for the transfer of crude oil from strategic petroleum reserves. This is part of the 172 million barrels of crude oil transfer plan announced earlier this week. This first tender involved 86 million barrels of crude oil. According to the exchange clause, the company will return the crude oil loaned to the US Department of Energy and provide an additional amount of crude oil as a premium, which can not only strengthen strategic oil reserves, but also stabilize the market. The first batch of crude oil is expected to enter the market next weekend.