US Releases Final 40M Barrels from SPR Under IEA Agreement

The US DOE will offer up to 40 million barrels from the Strategic Petroleum Reserve to energy companies, completing its commitment under an IEA coordinated release. This marks the final tranche of the agreement, reducing the SPR to its lowest level in decades. The release adds supply to the market, potentially easing oil prices, but raises concerns about reserve replenishment and future emergency capacity.