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When will DOE next sell or exchange SPR oil?: Will the U.S. Department of Energy announce issuing a solicitation to exchange or sell crude oil from the Strategic Petroleum Reserve before Oct 1, 2026?

Before Oct 1, 202694%
No6%

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24h volume$1.8K
7d volume—
30d volume—
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Spread21%
ResolvesJan 8, 2028next year

Probability history

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Probability history0%25%50%75%100%Aug 29Sep 6Sep 14Sep 22Sep 30Shaded periods have no successful hourly price check.Shaded periods have no successful hourly price check.Shaded periods have no successful hourly price check.Shaded periods have no successful hourly price check.

Based on this market’s outcome prices, expressed as probabilities.

Resolution rules

If the U.S. Department of Energy announces issuing a solicitation to exchange or sell crude oil from the Strategic Petroleum Reserve before Oct 1, 2026, then the market resolves to Yes. A solicitation means a competitive Request for Proposal or Notice of Sale formally issued by the U.S. Department of Energy and open for bids. The solicitation must be newly issued after this market opens. An award announcement, amendment, extension or re-issuance of a solicitation issued before that date does NOT count A solicitation to purchase or acquire crude oil to refill the Reserve does NOT count A statement of intent, a budget proposal, congressional testimony or an inventory report that does not itself open a bidding process does NOT count A solicitation that is issued and later cancelled before award still counts, because the trigger is the issuance

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As of Sep 30, 04:27 PM UTC