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MCXUS to loan companies up to 92.5 million barrels of Strategic Petroleum Reserve oil
May 1st 2026
The SPR, held in caverns at four sites on the coasts of Texas and Louisiana, currently holds nearly 398 million barrels, about what the world uses in four days.- Spire completes sale of gas marketing business to Boardwalk Pipelines for $215 million
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- Egypt and TotalEnergies near MoU for gas exploration in the Herodotus Basin
- US Seeks Global Coalition to Ease Hormuz Supply Crisis as Oil Prices Spike
- OPEC+ likely to agree another oil output hike without UAE, sources say
- ADNOC plans major investment to build U.S. natural gas platform
- Goldman says UAE's exit from OPEC raises medium-term oil supply upside risk
- Vanguard Renewables Expands U.S. RNG Capacity with Three New Projects
- Iran Oil Sector Resilient to Shutdowns, but Gas Supply Faces Growing Risks