Strategic Petroleum Reserve

In the News
US Purchases 4.65 Million Barrels for Strategic Oil Reserve

by Victor Adetimilehin July 30, 2024

by Victor Adetimilehin July 30, 2024

The U.S. Department of Energy finalizes a contract to purchase 4.65 million barrels of crude oil for the Strategic Petroleum Reserve, reinforcing national energy security.
In the News
US Replenishing Strategic Petroleum Reserve After Record Sale in 2022

by Victor Adetimilehin March 16, 2024

by Victor Adetimilehin March 16, 2024

The US is refilling its Strategic Petroleum Reserve (SPR) after a record sale in 2022. The government aims to rebuild the stockpile while considering current oil market prices.