US Offers Heating Oil Reserve Loans

The Trump administration is offering to loan nearly a third of the emergency heating oil reserve to lower surging prices ahead of the midterm elections. The Department of Energy will distribute up to 315,000 barrels of heating oil to relieve shortages.

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FILE PHOTO: A drone view shows the Portuguese flagged oil and chemical tanker ship CB Pacific docked at the Moran Shipping Agencies’ Citgo Petroleum Quincy/Braintree Terminal, which according to the company handles home heating oil, gasoline and diesel, after the CB Pacific arrived from Quebec, Canada to Braintree, Massachusetts, U.S., March 18, 2026. REUTERS/Brian Snyder/File Photo

The United States administration will loan up to 315,000 barrels from its emergency heating oil reserve to curb surging fuel costs. The move targets nearly a third of the 1-million-barrel federal stockpile located across New England.

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