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The Latest Breaking News from SPR

U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil

“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.

The U.S. Strategic Petroleum Reserve Keeps Dwindling. Experts Are Warning Its Facing Structural Peril.

The U.S. Strategic Petroleum Reserve Keeps Dwindling. Experts Are Warning Its Facing Structural Peril.

The SPR is now below 300 million barrels for the first time since it began more than four decades ago.

International Business Times

US oil reserve just hit a low not seen since 1983

US oil reserve just hit a low not seen since 1983

President Donald Trump authorized the release of 182 million barrels from the Strategic Petroleum Reserve in March shortly after launching the Iran War

The Independent UK

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Are Heating Oil and Distillates Heading for Even Higher Highs?

Brent North Sea crude oil is the benchmark for Middle Eastern petroleum. Brent is most suited for refining into medium distillates, including heating oil, jet fuel, and diesel fuel. Heating oil futures are a proxy for the other medium distillates.

As the Strategic Petroleum Reserve Hits a 40-Year Low, It's Time To Scrap It

Presidents have repeatedly used the SPR to manipulate markets and shield consumers from the consequences of bad policies.

Why filling the Strategic Petroleum Reserve could be the secret to Trump's Middle East success

President Trump and OPEC both want increased oil production, but there could be a solution to their difference on opinion on prices.

Republicans Criticize Biden Administration's Oil Purchase For SPR

The Biden administration's recent oil purchase for the Strategic Petroleum Reserve has sparked debate among lawmakers over its implications and strategic i...

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Energy Department Turns Ordinary Gasoline Sale Into Major Announcement

Congress forced the government to sell gasoline from the Strategic Petroleum Reserve, an obligation the Biden administration is now bragging about fulfilling.

What are the Most Bullish Factors for Crude Oil?

What are the Most Bullish Factors for Crude Oil?

After declining in 2023, crude oil prices rallied in Q1 2024 and have edged even higher in the early days of Q2. Crude oil remains the energy commodity that powers the world, and the price prospects over the coming months will remain bullish as markets reflect the economic and geopolitical…

Crude Oil and the U.S. SPR

Crude Oil and the U.S. SPR

The U.S. SPR has dropped steadily and stood at the lowest level since October 1983 on April 14, 2023. The Biden administration authorized an unprecedented SPR release and sale following Russia’s invasion of Ukraine that drove crude oil prices to over $130 per barrel in March 2022, the highest price…

Biden’s push to refill the nation’s oil reserve is in limbo as strategists warn of a ‘supercycle’ that could make crude too costly

Biden’s push to refill the nation’s oil reserve is in limbo as strategists warn of a ‘supercycle’ that could make crude too costly

Refilling the reserve now could be expensive because of high oil prices. But waiting could be risky if there's another oil price shock.

Oil prices dive as Biden weighs massive reserves release

Oil prices dive as Biden weighs massive reserves release

SINGAPORE: Oil prices dived more than $5 a barrel on Thursday as the United States is considering the release of up to 180 million barrels from its strategic petroleum reserve (SPR) over several months to calm soaring crude prices.

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