{
  "id": 14773193,
  "title": "Repsol y Moeve liberan un récord de crudo ante la emergencia petrolífera",
  "url": "https://urgent.news/2026/10/15/repsol-y-moeve-liberan-un-record-de-crudo-ante-la-emergencia",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-15T19:06:19.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/energia/2026/10/15/6ad1235b468aebda3b8b457e.html"
  },
  "original_language": "es",
  "account": "The Spanish government has decreed the use of 4.4 million barrels of petroleum, diesel, and gasoline to curb prices, a historic record in the 50 years of existence of the emergency stock. On Thursday, the government released a total of 4.4 million barrels of petroleum reserves, equivalent to more than four days of consumption in Spain and the largest single use of that emergency stock. The task of managing this emergency stock falls to the semi-public entity Cores. Although there are about 400 companies in Spain obliged to finance Cores to maintain a permanent level of reserves, it is mainly the big energy companies that contribute the most depending on their sales. Repsol and Moeve are the major contributors due to their position in oil -precisely what is released now-. Naturgy would be the company that must contribute the most to gas reserves. The 4.4 million barrels will be released this same October. They form part of a commitment made in March by Spain in the International Energy Agency (IEA) to counter the impact of the crisis in the Near East. Already in March, a first batch of 3.7 million barrels was released. At that time, Spain committed to releasing up to 11.5 million barrels of oil, equivalent to 12.3 days of total national consumption. Spain's contribution to the global IEA plan amounted to 2.9% of the total volume of all countries. Adding the 3.7 million barrels from March to the 4.4 million now released, Spain reaches 9.1 million barrels. This means it has exhausted almost its entire commitment, although prices, far from reducing, continue to rise. Sources from the Ministry for the Ecological Transition and the Demographic Challenge indicate that now, considering the situation in international markets, the IEA members have decided to accelerate the release of the remaining reserves. The agreement reached by IEA members to make 400 million barrels of oil available to the market for 90 days -to face the impact of the war in Iran and the conflict in the Near East- will proceed entirely from the reserves currently in the hands of industry, distributors, and petroleum operators. Of the over 11 million barrels to be released by Spain, 2.2 million are gasoline, nine million barrels are intermediate distillates -motor fuels and other fuels such as kerosene used for aviation- and around 297,000 barrels of fuel oils. With the new release of reserves, the government activates the red alarm in a protection system dating back to 1974, which has only been activated four times so far in Spain: during the Gulf War of 1991, hurricanes Katrina and Rita in 2005, the Arab Spring and the conflict in Libya in 2011, and Russia's war in Ukraine in 2022. In none of these cases has it been activated as significantly as now.",
  "summary": "El Gobierno decreta usar 4,4 millones de barriles de petróleo, gasoil y gasolina para frenar precios, un récord histórico en los cincuenta años de existencia del almacén de emergencia. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}