14 Jul 2025
🛢️Amendments to Petroleum Acquisition Rules for Strategic Reserve
Procedures for Acquisition of Petroleum for the Strategic Petroleum Reserve
Summary
The Department of Energy ("DOE") is publishing this document to respond to comments received on the May 16, 2025, direct final rule. As a result, DOE delays the effective date of the direct final rule on the procedures for acquisition of petroleum for the Strategic Petroleum Reserve (SPR) to require index-priced contracts.
Agencies
- Energy Department
Business Impact
$$$ - High
The regulatory text outlines amendments to the procedures governing petroleum acquisition for the Strategic Petroleum Reserve, emphasizing a shift back to index-priced contracts. This impacts businesses involved in petroleum contracting, compliance with new regulatory standards, and potential financial strategies for procurement, making it critical for engagement in the energy market.