US Releases Strategic Petroleum Reserves to Support Phillips 66 Refinery

On October 23, 2026, the US Department of Energy authorized the emergency release of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to support the Phillips 66 Lake Charles refinery in Louisiana. This measure aims to address a supply disruption and ensure stable refinery operations. The release is part of established protocols for managing energy market emergencies and mitigating the effects of supply chain disturbances.