Follow-Up: Energy Department Awards Northeast Heating Oil Reserve Exchange Contracts: 300,000 Barrels Due by November 6
The U.S. Department of Energy (DOE) announced in Washington on November 3, 2026, that it has awarded exchange contracts from the Northeast Home Heating Oil Reserve (NEHHOR) for 300,000 barrels of ultra-low sulfur distillate (heating fuel oil), to be supplied from storage sites in Boston, Massachusetts, and New Haven, Connecticut, with all fuel transfers or deliveries scheduled to be completed by November 6, 2026, to ease heating-fuel supply pressure in the Northeast.
The awards follow DOE's October 21, 2026, request for proposals, which had sought exchanges of up to 315,000 barrels. The 300,000 barrels were awarded through a competitive process under DOE's emergency exchange authority. Under the contracts, exchange recipients will return the same volume of fuel oil plus a premium, ensuring the NEHHOR is refilled ahead of the 2027-2028 heating season and maintains its long-term operational readiness.
DOE Under Secretary of Energy Kyle Haustveit said that under President Trump's leadership, the Energy Department is continuing to do everything in its power to lower energy costs for the American people, and that the actions will help address supply chain disruptions and ensure Americans in the Northeast stay warm while protecting the long-term readiness of the reserve.
DOE noted that because the NEHHOR contains refined petroleum products that can be distributed directly to consumers without additional processing, the awards will help address near-term market pressures and support the availability of heating fuel across the Northeast.
(Source: U.S. Department of Energy)
Source: U.S. Department of Energy
Published by GSM · USA (original Chinese edition)
Photo: 图：美国能源部总部大楼（联邦固定图库）。 / Photo: Headquarters of the U.S. Department of Energy (agency file photo).
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