Exxon Mobil has drawn crude oil from the U.S. Strategic Petroleum Reserve (SPR) to address quality issues affecting Mars crude production. The Mars field, a major deepwater oil source in the Gulf of Mexico, has faced technical disruptions that have compromised output quality, prompting Exxon to seek alternative supply.
By tapping into the SPR, Exxon aims to maintain refinery feedstock stability and ensure uninterrupted operations amid ongoing challenges with Mars crude. Industry experts note that such borrowing underscores vulnerabilities in offshore production and highlights the strategic role of the SPR in managing supply disruptions.
The move is seen as a temporary measure while Exxon works to resolve the Mars field issues, reflecting the broader importance of reserve resources in maintaining market balance during operational setbacks.
