WASHINGTON Feb 6 Marathon Petroleum Corp
has begun returning oil to the U.S. petroleum stockpile
known as the Strategic Petroleum Reserve, months after receiving
an emergency loan in response to Hurricane Isaac in 2012.
The U.S. Energy Department released 1 million barrels of
crude from the SPR in August after Hurricane Isaac, a slow
moving storm that targeted parts of the Gulf of Mexico, slowed
output from one of Marathon's refineries.
The stockpile currently stands at about 695.8 million
barrels, up from around 694.95 million on Jan. 4.
The department confirmed the increase was due to the
exchange with Marathon.
Created in the 1970s after the Arab oil embargo, the reserve
can hold 727 million barrels of oil at full capacity.