The latest data shows it's at 331.2 million barrels of oil.

US Strategic Petroleum Reserve drops to 319.5 million barrels, the lowest since 1983, as government releases oil amid Iran ...

The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - OCTOBER 19: In an aerial view, the Strategic ...

Strategic petroleum reserves are emergency stockpiles of crude oil set aside to ensure supply in the event of a disruption.

Energy markets are finally beginning to stabilize after months of turmoil. Despite the Iran war and the closure of the Strait of Hormuz disrupting global oil supplies, benchmark U.S. crude has fallen ...

President Joe Biden has faced criticism for tapping the country's strategic petroleum reserve just weeks before the midterm elections. AP See more of our coverage in your search results. President Joe ...

US Strategic Petroleum Reserve drops to its lowest since 1983. New all-time high for crude oil by September 30 at 2.6% YES, ...

When he launched his presidential campaign in late 2022, then-candidate Donald Trump blasted his successor for aggressively releasing oil from America’s emergency stockpile ahead of the midterm ...

The Department of Energy rejected a bid for 3 million barrels to refill the SPR last week. Crude quality complicates the problem of refilling the SPR. The U.S. Department of Energy may not have ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. 019909 17: Tunnels wind through subterranean chambers June 1, ...

Former U.S. President Donald Trump claims that he filled the SPR while Biden drained it. The level of the SPR actually declined while President Trump was in office. Biden has reduced the level of the ...