Deep Tide TechFlow News: On March 15, the U.S. Department of Energy released a tender for crude oil allocation from the Strategic Petroleum Reserve. The first batch of 86 million barrels of crude oil is expected to be released to the market by the end of next week. According to the documents, participating enterprises need to return the borrowed crude oil to the U.S. Department of Energy and return an additional quantity of crude oil as a premium. The documents state that this approach can both replenish the U.S. Strategic Petroleum Reserve and stabilize the market. The U.S. government also stated plans to replenish approximately 200 million barrels of the Strategic Petroleum Reserve within the next year to maintain U.S. energy security. Data from the U.S. Energy Information Administration shows that as of the 6th of this month, the U.S. Strategic Petroleum Reserve stands at 415.4 million barrels. (CLS)

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