Energy Department to Give 1 Million Barrels of Oil to ExxonMobil From US Reserves

The action is being taken due to production issues with the company’s refinery in Baton Rouge.

The logo of ExxonMobil seen during the World Gas Conference exhibition in Paris, on June 2, 2015. Eric Piermont/AFP via Getty Images

The Department of Energy (DOE) has authorized the release of crude oil from the United States’ Strategic Petroleum Reserve (SPR) to ExxonMobil Corporation to help maintain fuel supply stability in the Gulf Coast, the agency said in a July 11 statement.

Exxon is facing logistical challenges regarding crude oil deliveries to its Baton Rouge refinery in Louisiana. Specifically, “an oil supply disruption has led to reduced operations at the Baton Rouge refinery, limiting production of transportation fuels,” the DOE said.