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The Economic Times

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US to loan about a third of heating oil reserve in bid to tame prices

The US Energy Department will loan 300,000 barrels of fuel oil from its emergency heating reserve to four companies to ease supply pressures and rising prices ahead of winter. The release, nearly a third of the reserve, follows calls from bipartisan senators as Middle East disruptions linked to the Iran war push fuel costs higher.

4 Nov 2026 10:05 pm