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<Commodity>Trump Plans to Close US Northeast Home Heating Oil Reserve, Involving 1M Barrels of Diesel
US President Trump's budget proposed to close the US Northeast Home Heating Oil Reserve, which would be implemented within months if passed. The reserve stores one million barr...
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<Commodity>Trump Plans to Close US Northeast Home Heating Oil Reserve, Involving 1M Barrels of Diesel
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US President Trump's budget proposed to close the US Northeast Home Heating Oil Reserve, which would be implemented within months if passed.

The reserve stores one million barrels of ultra-low sulfur diesel, and the proposal suggested that proceeds from the sale of such diesel in FY2026 will be used to reduce fiscal deficit.

Related NewsEIA Crude Oil Stocks Change for May/30 in United States is -4.304M, lower than the previous value of -2.795M. The forecast was -0.9M.
Based on current prices, the sale proceeds are estimated to be around US$86 million, while closing the storage facility would also save maintenance costs.

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