The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic ...

That 46% reduction took SPR volumes to a level last seen in 1983. Since hitting a low level of 347 million barrels in June 2023, the Biden Administration has returned about 14 million barrels of ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose this week, this time by ...

The U.S. added 700,000 bbl of oil to the Strategic Petroleum Reserve in June, the lowest monthly addition in four months, according to the latest Department of Energy data.

The Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983 last week as U.S. gasoline prices and oil prices ticked up, according to federal data released Wednesday. The level of the ...

Investing.com -- Oil prices rose Friday amid some signs of resilient U.S. demand, although they were nursing steep losses ...

But the SPR, which acts as a rainy-day fund that presidents can tap during times of war or natural disaster, is down by about 270 million barrels over the past two years to the lowest level since ...

The SPR has 352 million barrels of oil, which is still less than half of 2010 highs. The US's emergency stockpile of oil is being refilled as oil prices slide lower, but the pace has run into a ...

The SPR began to be filled in 1977, which was the first year of President Carter’s term. By the time Ronald Reagan was inaugurated, the SPR level had been filled to about 108 million barrels.

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.