DOE Awards 300,000 Bbl of Northeast Diesel to Four Firms


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) - The U.S. Department of Energy (DOE) has collectively 
awarded the exchange of 300,000 bbl of ultra-low sulfur distillate (ULSD) from 
the Northeast Home Heating Oil Reserve (NEHHOR) to four firms - Vitol Inc., 
Global Companies LLC, Sprague Operating Resources LLC and Trafigura Trading LLC.

   Vitol received the largest allocation at 125,000 bbl, followed by Global 
Companies (100,000 bbl), Sprague (50,000 bbl) and Trafigura (25,000 bbl), 
according to the award document dated Monday (11/2).

   Together, the contracted volumes represent approximately 95% of the 315,000 
bbl offered under DOE's October 21 solicitation - which was intended to address 
regional fuel supply disruptions ahead of the winter heating season.

   The fuel will be supplied from storage sites in Boston, Massachusetts, and 
New Haven, Connecticut, with transfers or deliveries scheduled for completion 
by Friday (11/6) - a week earlier than the original November 13 deadline 
outlined in the solicitation.

   The exchange recipients must return the same volume of fuel oil plus a 
premium before the 2027-2028 heating season, allowing the government to 
replenish its emergency reserve, according to the DOE.

   The Northeast Home Heating Oil Reserve maintains approximately 1 million bbl 
of ULSD across storage facilities in the Northeast to address regional fuel 
supply disruptions.

    




(c) Copyright 2026 DTN, LLC. All rights reserved.