US Department of Energy moves to transfer 53.3 million barrels amid rising oil prices. The United States has announced its latest release of emergency oil stockpiles in coordination with the International Energy Agency (IEA). The US Department of Energy said on Monday that it had begun transferring 53.3 million barrels from the strategic petroleum reserve after awarding contracts to nine companies under its emergency exchange programme. Recommended Stories list of 4 items list 1 of 4 Trump says he will suspend petrol tax amid soaring US fuel prices list 2 of 4 Haiti’s PM casts doubt on presidential vote by August as gang clashes grow list 3 of 4 Roads blocked in Bolivia as protesters demand president’s resignation list 4 of 4 Syria restores credit card payments in effort to rejoin the global economy end of list Trafigura Trading LLC, a Texas-based commodities trading company, was granted the biggest haul of nearly 13 million barrels, with Marathon Petroleum…