DOE Finalizes Index-Based Petroleum Procurement Rule for Strategic Reserve
May 16, 2025
May 16, 2025
WASHINGTON, May 16 (TNSFR) -- The U.S. Department of Energy Office of Cybersecurity, Energy Security, and Emergency has issued a direct final rule reinstating index-priced contracts for petroleum acquisition under the Strategic Petroleum Reserve (SPR), reversing a 2022 decision that introduced fixed-price options. Published in the Federal Register under docket number DOE-HQ-2025-0009, this regulatory update amends 10 CFR Part 626 and is scheduled to take effect on July 15, 2025, unless significa . . .