Topic
strategic-petroleum-reserve
10 stories related to this topic, newest first.
foxnews.compolitics6 days ago
U.S. oil reserves fall below 2023 levels after Biden-era releases
U.S. oil reserves have dropped below the levels recorded after releases made in 2023. The drawdown follows earlier withdrawals intended to address energy market pressures linked to the Ukraine conflict.
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Washington Examinerpolitics5 days ago
U.S. Oil Reserve Falls After Releases to Offset Iran Supply Disruption
Federal data show 340.3 million barrels remain after an 8.9-million-barrel withdrawal last week. The Trump administration has pledged to release 172 million barrels total.
thehindu.compolitics4 days ago
U.S. Strategic Petroleum Reserve falls to 349.2 million barrels amid planned replacements and new funding
The Trump administration has released 172 million barrels since March 2026 to address supply disruptions. Levels are projected to reach 243 million barrels by July.
deccanchronicle.comfinance4 days ago
U.S. Crude Exports Reach Record High as SPR Releases Continue
U.S. crude exports hit an all-time high while Strategic Petroleum Reserve releases continued. Brent crude for July delivery fell 0.6 percent to $93.73 per barrel.
marketwatch.comworld27 days ago
U.S. Crude Inventories Fall to Lowest Level in Nearly a Year
Total crude stocks dropped 17.8 million barrels in the week ending May 15. The decline follows releases from the Strategic Petroleum Reserve and record exports.
foxnews.comfinance37 days ago
Trump Administration Pledges to Replace SPR Oil at 2-for-1 Ratio After Recent Withdrawals
Energy Secretary Chris Wright said the administration will add 1.2 barrels to the SPR for every barrel withdrawn during the current emergency drawdown. The SPR holds about 384 million barrels after a 30-million-barrel decline since late March 2026. Wright offered no timeline for…
thehindubusinessline.comfinance37 days ago
U.S. to Replenish Oil Released From Strategic Petroleum Reserve
The U.S. will replace every barrel of oil drawn from the Strategic Petroleum Reserve, officials said at an event in Sabine Pass. Energy Secretary Chris Wright made the commitment while speaking about reserve policy. The statement follows earlier announcements regarding releases f…
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Financial Timesfinance39 days ago
IEA Reports Global Oil Inventories Declined
The International Energy Agency said oil inventories are being depleted at a record pace after supply losses linked to the Strait of Hormuz reached 12.8 million barrels per day since late February. U.S. emergency crude reserves saw the largest weekly drawdown on record last week,…
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foxnews.comfinance41 days ago
US Strategic Petroleum Reserve Releases Record 8.6 Million Barrels in One Week
The US Strategic Petroleum Reserve released more than 1.22 million barrels per day last week, totaling about 8.6 million barrels. The weekly volume exceeds the previous peak rate recorded in 2022. The release occurred under the current administration, which took office in January…
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680news.comfinance49 days agoUpdated
U.S. Gas Prices Rise 50% to $4.45 per Gallon
U.S. regular gas prices have climbed to an average of $4.45 per gallon, marking a 49.3% increase since the Iran war started on February 28. Prices rose 35 cents in the past week amid the ongoing closure of the Strait of Hormuz. Efforts to mitigate the spike include releases from…
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