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Announcement

US authorizes up to 4 million barrels of reserve oil for ExxonMobil and BP amid Hurricane Isaias disruptions

The Economic Times reports each company can receive up to two million barrels to help maintain refinery operations.

CBS NewsCN
Marc FulvioMF
IRNA News Agency ☫IN
5 Sources, 9h ago, first seen 9h ago

TLDR

The Economic Times reports the US authorized an emergency exchange of up to four million barrels from its Strategic Petroleum Reserve amid Hurricane Isaias-related supply disruptions. ExxonMobil and BP American can each receive up to two million barrels to help maintain refinery operations. The Energy Department said they must return the crude in 2027, plus a premium.

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53.4K

5 Sources, first seen 9h ago

469 likes7 comments16 saves113 reposts

Combined views

53.4K

5 Sources, first seen 9h ago

469 likes7 comments16 saves113 reposts

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8 Sources

prod-east-nhc.woc.noaa.govPost-Tropical Cyclone Isaias Forecast Advisory
apnews.comhttps://apnews.com/article/hurricane-isaias-flooding-power-outages-65ac97bf16477d89ec6f847b09ccb6fc
ReutersIsaias kills four, about 670,000 without power after landfall9h
CBS News@CBSNewsA flock of flamingo took shelter inside a bathroom in Panama City, Florida on Friday when Hurricane Isaias hit. Isaias, the first hurricane of the 2026 Atlantic season, made landfall in the northern Gulf Coast near Destin, Florida, on Friday night as a Category 2 storm, but within hours had weakened to a post-tropical cyclone.9h
Marc Fulvio@mnfwx22Isaias is now post-tropical after making landfall near Destin, FL, as a Category 2 hurricane. Its remnants will bring rain and gusty winds to north-central WV through Sunday. A low tornado threat exists Sunday afternoon if rotating storms develop. Conditions improve Sunday night.9h
IRNA News Agency ☫@IrnaEnglishHurricane Isaias left at least four dead in the US and cut power to nearly 900,000 customers. With homes destroyed, trees downed, and torrential rains, the storm has put southeastern US states at risk of flash floods.3h
Economic Times@EconomicTimesUS releases 4 million barrels from strategic oil reserves for ExxonMobil, BP amid Hurricane Isaias disruptions https://economictimes.indiatimes.com/industry/energy/oil-gas/us-releases-4-million-barrels-from-strategic-oil-reserves-for-exxonmobil-bp-amid-hurricane-isaias-disruptions/articleshow/134864297.cms2h
National Hurricane Center@NHC_Atlantic4 AM CDT Sun Oct 11 (Advisory 19) Key Messages for Post-Tropical Cyclone #Isaias. Latest info: https://hurricanes.gov1h
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    8 Sources

    prod-east-nhc.woc.noaa.govPost-Tropical Cyclone Isaias Forecast Advisory
    apnews.comhttps://apnews.com/article/hurricane-isaias-flooding-power-outages-65ac97bf16477d89ec6f847b09ccb6fc
    ReutersIsaias kills four, about 670,000 without power after landfall9h
    CBS News@CBSNewsA flock of flamingo took shelter inside a bathroom in Panama City, Florida on Friday when Hurricane Isaias hit. Isaias, the first hurricane of the 2026 Atlantic season, made landfall in the northern Gulf Coast near Destin, Florida, on Friday night as a Category 2 storm, but within hours had weakened to a post-tropical cyclone.9h
    Marc Fulvio@mnfwx22Isaias is now post-tropical after making landfall near Destin, FL, as a Category 2 hurricane. Its remnants will bring rain and gusty winds to north-central WV through Sunday. A low tornado threat exists Sunday afternoon if rotating storms develop. Conditions improve Sunday night.9h
    IRNA News Agency ☫@IrnaEnglishHurricane Isaias left at least four dead in the US and cut power to nearly 900,000 customers. With homes destroyed, trees downed, and torrential rains, the storm has put southeastern US states at risk of flash floods.3h
    Economic Times@EconomicTimesUS releases 4 million barrels from strategic oil reserves for ExxonMobil, BP amid Hurricane Isaias disruptions https://economictimes.indiatimes.com/industry/energy/oil-gas/us-releases-4-million-barrels-from-strategic-oil-reserves-for-exxonmobil-bp-amid-hurricane-isaias-disruptions/articleshow/134864297.cms2h
    National Hurricane Center@NHC_Atlantic4 AM CDT Sun Oct 11 (Advisory 19) Key Messages for Post-Tropical Cyclone #Isaias. Latest info: https://hurricanes.gov1h
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