Exxon Mobil Borrows From SPR Due to Mars Crude Quality Issues

Exxon Mobil Borrows From SPR Due to Mars Crude Quality Issues

As Trump officials signal plans to refill the Strategic Petroleum Reserve (SPR)—drained under the Biden-Harris regime—a new report reveals that ExxonMobil has begun drawing from the SPR due to contaminated crude supplies from offshore rigs in the Gulf of America to avoid refinery outages. Bloomberg reports Exxon is borrowing up to 1 million barrels of crude from the SPR due to quality issues with Mars crude — a Gulf of America oil grade contamin…

DoE OK's 1M barrels of SPR oil reserves to ease Exxon refinery crude quality issue

ExxonMobil Borrows from SPR Due to Crude Quality Issue

In a move highlighting the vulnerabilities in the U.S. oil supply chain, ExxonMobil has secured a loan of up to 1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address quality issues with Mars crude, a key Gulf of America oil grade. This borrowing aims to prevent potential disruptions at the company’s Baton Rouge refinery, one of the largest in the nation. The incident underscores the SPR’s role in stabilizing energy…

Chevron Blames Offshore Well Start-Up for Mars Crude Quality Issues