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Strategic Petroleum Reserve
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The U.S. Department of Energy announced it has authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions affecting the Phillips 66 Lake Charles refinery in Louisiana.
The U.S. Department of Energy announced it has authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions affecting the P
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Analysts warn global oil reserves could last only 1-2 months if Hormuz Strait shuts amid US-Iran war
Al Jazeera analysts warn that if the US-Iran war escalates and the Strait of Hormuz is completely shut, global emergency oil stocks, currently at multi-decade lows, may only last one to two months. Br
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The U.S. Department of Energy is soliciting proposals for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR).
The U.S. Department of Energy is soliciting proposals for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR).
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Spain to release 4.4 million barrels from strategic reserves in October, according to Energy Ministry official
Spain to release 4.4 million barrels from strategic reserves in October, according to Energy Ministry official
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US Strategic Petroleum Reserve crude oil stocks were unchanged at 283 million barrels last week, the lowest level since October 1982
US Strategic Petroleum Reserve crude oil stocks were unchanged at 283 million barrels last week, the lowest level since October 1982
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Al Jazeera analysis: Iran war disrupts global energy supply, pushing US strategic reserves to 40-year low
Al Jazeera's visual explainer highlights that the ongoing Iran war has disrupted global energy flows, particularly impacting the Middle East, which is the largest oil-producing region. Key waterways l
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G7 agrees to emergency release of 100 million barrels from strategic petroleum reserves; US oil prices fall 5% at one point.
G7 leaders have agreed to an emergency release of 100 million barrels from strategic petroleum reserves via the International Energy Agency (IEA) to address the US-Iran conflict, including a priority
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International oil prices plunged over 3% on Tuesday, falling below $90, due to progress in Iran-US negotiations, the resumption of oil flow through Saudi pipelines, the IEA's plan to release reserves, and Donald Trump's contemplation of easing sanctions on Russia.
WTI crude futures fell over 3% on Tuesday, dropping back below the $90 mark, with Brent futures also declining. This downturn was primarily driven by four positive signals: Qatar announced that negoti
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The US plans to release up to 40 million barrels of crude oil from its Strategic Petroleum Reserve.
The US plans to release up to 40 million barrels of crude oil from its Strategic Petroleum Reserve.
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US Strategic Petroleum Reserve crude oil stocks fell to 283.8 million barrels last week, the lowest since 1982.
US Strategic Petroleum Reserve crude oil stocks fell to 283.8 million barrels last week, the lowest since 1982.
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U.S. Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a “very real possibility” amid higher oil prices and steep futures backwardation.
The Department of Energy has already loaned over 130 million barrels from the 172 million-barrel drawdown authorized in March, with approximately 38.5 million barrels still available.
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U.S. Energy Secretary Wright: Expects Saudi East-West oil pipeline to be operational "soon"
U.S. Energy Secretary Chris Wright stated on Bloomberg Surveillance that the East-West oil pipeline in Saudi Arabia, which runs to the Red Sea, is expected to be operational "soon." He also discussed
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Stephen Schork: Replenishing US Strategic Petroleum Reserve with Venezuelan Oil Is "Pure Fantasy"
Stephen Schork stated that replenishing the U.S. Strategic Petroleum Reserve (SPR) with Venezuelan oil is "pure fantasy." He also discussed U.S. refining capacity and SPR levels.
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IEA Chief Birol: Not Discussing a Second Release of Strategic Oil Reserves at This Time
IEA Chief Birol: Not Discussing a Second Release of Strategic Oil Reserves at This Time
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US crude oil exports have dropped amid stretched inventories and flat production, with the Strategic Petroleum Reserve falling to a 43-year low.
The decline in exports is also attributed to continuing uncertainty over the Iran conflict, potentially impacting importers like Japan that had sought alternatives to Middle East procurement.
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Escalating U.S.-Iran Tensions Push Oil Prices Back Above $80; U.S. Energy Secretary Says No Further Large-Scale Release of Strategic Petroleum Reserve (SPR) Is Expected
As tensions between the U.S. and Iran continue to escalate, the crude oil market is under upward pressure, with benchmark futures prices having returned to above $80 per barrel. U.S. Energy Secretary
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Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 311.4 million barrels last week, the lowest level since 1983.
Svmuu News: Crude oil stocks in the U.S. Strategic Petroleum Reserve fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels—the lowest level since 1983. (Jin Shi)
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U.S. EIA Strategic Petroleum Reserve inventory for the week ending June 12: -8.941 million barrels, compared with the previous reading of -7.927 million barrels
Svmuu News: U.S. EIA Strategic Petroleum Reserve inventories for the week ending June 12 stood at -8.941 million barrels, compared to the previous reading of -7.927 million barrels. U.S. EIA crude oil
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U.S. EIA Strategic Petroleum Reserve Stocks for the Week Ending June 5: -7.927 million barrels, compared to a previous value of -7.993 million barrels
Svmuu News: U.S. EIA Strategic Petroleum Reserve stocks for the week ending June 5 decreased by 7.927 million barrels, the lowest since the week ending August 18, 2023, compared to a previous decrease
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The U.S. Department of Energy announced it has authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions affecting the Phillips 66 Lake Charles refinery in Louisiana.
The U.S. Department of Energy announced it has authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions affecting the P
-
Analysts warn global oil reserves could last only 1-2 months if Hormuz Strait shuts amid US-Iran war
Al Jazeera analysts warn that if the US-Iran war escalates and the Strait of Hormuz is completely shut, global emergency oil stocks, currently at multi-decade lows, may only last one to two months. Br
-
The U.S. Department of Energy is soliciting proposals for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR).
The U.S. Department of Energy is soliciting proposals for an exchange of up to 17 million barrels of crude oil from the Strategic Petroleum Reserve (SPR).
-
Spain to release 4.4 million barrels from strategic reserves in October, according to Energy Ministry official
Spain to release 4.4 million barrels from strategic reserves in October, according to Energy Ministry official
-
US Strategic Petroleum Reserve crude oil stocks were unchanged at 283 million barrels last week, the lowest level since October 1982
US Strategic Petroleum Reserve crude oil stocks were unchanged at 283 million barrels last week, the lowest level since October 1982
-
Al Jazeera analysis: Iran war disrupts global energy supply, pushing US strategic reserves to 40-year low
Al Jazeera's visual explainer highlights that the ongoing Iran war has disrupted global energy flows, particularly impacting the Middle East, which is the largest oil-producing region. Key waterways l
-
G7 agrees to emergency release of 100 million barrels from strategic petroleum reserves; US oil prices fall 5% at one point.
G7 leaders have agreed to an emergency release of 100 million barrels from strategic petroleum reserves via the International Energy Agency (IEA) to address the US-Iran conflict, including a priority
-
International oil prices plunged over 3% on Tuesday, falling below $90, due to progress in Iran-US negotiations, the resumption of oil flow through Saudi pipelines, the IEA's plan to release reserves, and Donald Trump's contemplation of easing sanctions on Russia.
WTI crude futures fell over 3% on Tuesday, dropping back below the $90 mark, with Brent futures also declining. This downturn was primarily driven by four positive signals: Qatar announced that negoti
-
The US plans to release up to 40 million barrels of crude oil from its Strategic Petroleum Reserve.
The US plans to release up to 40 million barrels of crude oil from its Strategic Petroleum Reserve.
-
US Strategic Petroleum Reserve crude oil stocks fell to 283.8 million barrels last week, the lowest since 1982.
US Strategic Petroleum Reserve crude oil stocks fell to 283.8 million barrels last week, the lowest since 1982.
-
U.S. Energy Secretary Chris Wright says another round of crude loans from the Strategic Petroleum Reserve is a “very real possibility” amid higher oil prices and steep futures backwardation.
The Department of Energy has already loaned over 130 million barrels from the 172 million-barrel drawdown authorized in March, with approximately 38.5 million barrels still available.
-
U.S. Energy Secretary Wright: Expects Saudi East-West oil pipeline to be operational "soon"
U.S. Energy Secretary Chris Wright stated on Bloomberg Surveillance that the East-West oil pipeline in Saudi Arabia, which runs to the Red Sea, is expected to be operational "soon." He also discussed
-
Stephen Schork: Replenishing US Strategic Petroleum Reserve with Venezuelan Oil Is "Pure Fantasy"
Stephen Schork stated that replenishing the U.S. Strategic Petroleum Reserve (SPR) with Venezuelan oil is "pure fantasy." He also discussed U.S. refining capacity and SPR levels.
-
IEA Chief Birol: Not Discussing a Second Release of Strategic Oil Reserves at This Time
IEA Chief Birol: Not Discussing a Second Release of Strategic Oil Reserves at This Time
-
US crude oil exports have dropped amid stretched inventories and flat production, with the Strategic Petroleum Reserve falling to a 43-year low.
The decline in exports is also attributed to continuing uncertainty over the Iran conflict, potentially impacting importers like Japan that had sought alternatives to Middle East procurement.
-
Escalating U.S.-Iran Tensions Push Oil Prices Back Above $80; U.S. Energy Secretary Says No Further Large-Scale Release of Strategic Petroleum Reserve (SPR) Is Expected
As tensions between the U.S. and Iran continue to escalate, the crude oil market is under upward pressure, with benchmark futures prices having returned to above $80 per barrel. U.S. Energy Secretary
-
Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 311.4 million barrels last week, the lowest level since 1983.
Svmuu News: Crude oil stocks in the U.S. Strategic Petroleum Reserve fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels—the lowest level since 1983. (Jin Shi)
-
U.S. EIA Strategic Petroleum Reserve inventory for the week ending June 12: -8.941 million barrels, compared with the previous reading of -7.927 million barrels
Svmuu News: U.S. EIA Strategic Petroleum Reserve inventories for the week ending June 12 stood at -8.941 million barrels, compared to the previous reading of -7.927 million barrels. U.S. EIA crude oil
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U.S. EIA Strategic Petroleum Reserve Stocks for the Week Ending June 5: -7.927 million barrels, compared to a previous value of -7.993 million barrels
Svmuu News: U.S. EIA Strategic Petroleum Reserve stocks for the week ending June 5 decreased by 7.927 million barrels, the lowest since the week ending August 18, 2023, compared to a previous decrease
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Strategic Petroleum Reserve
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