The U.S. Department of Energy launches emergency crude oil exchange mechanism to stabilize energy supply

The U.S. Department of Energy has officially announced in an official statement the launch of the emergency oil swap mechanism. This emergency oil swap is an emergency regulatory measure in the energy sector, usually introduced in the context of temporary fluctuations in crude oil supply and rising risks of market supply and demand imbalances. Its aim is to ensure the stable supply of domestic fuel and related energy products by dispatching oil resources in the short term, stabilize any abnormal market price fluctuations, and maintain the overall steady operation of the energy market.