The Trump White House confirms efforts to restore the nation's emergency oil reserve following its depletion during the ...

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To ease market tightness, Strategic Petroleum Reserve levels were reduced by 218 million barrels, bringing inventories to their lowest levels since 1984. In Fall 2022, the administration announced a ...

The U.S. Strategic Petroleum Reserve (SPR) was established in December 1975 in the wake of the 1973 OPEC oil embargo. The law establishing the SPR said it was designed “to reduce the impact of severe ...

The Biden Administration has tried to keep oil prices in check by releasing crude from the SPR this year. The main concern among those watching SPR levels has been its replenishment. This week, the ...

U.S. crude inventory in the Strategic Petroleum Reserve (SPR) fell by 8.1 million barrels in the latest week to the lowest level in more than 35 years, according to data from the Department of Energy.

Crude sales from the U.S. Strategic Petroleum Reserve were only supposed to last through October, after the Biden administration authorized the release of 180M barrels - or 1M barrels per day, over a ...

The SPR began to be filled during President Carter's term, with President Reagan making significant contributions and leading the SPR level to reach 560 million barrels by the end of his two terms.