U.S. Strategic Petroleum Reserve hits lowest level since 1982

Strategic Petroleum Reserve crude oil reserves energy policy oil supply disruptions Department of Energy

The United States Strategic Petroleum Reserve (SPR) has fallen to 289.7 million barrels, its lowest level since November 1982. According to data from the U.S. Department of Energy, the reserve has decreased by more than 125 million barrels, or approximately 30 percent, since late February.

The current inventory consists of roughly 98.7 million barrels of sweet crude and 191 million barrels of sour crude, representing about 41 percent of the total 714 million barrel authorized capacity. This decline is attributed to ongoing emergency releases intended to stabilize global markets following supply disruptions in the Middle East and transit restrictions in the Strait of Hormuz.

President Donald Trump previously authorized the release of 172 million barrels as part of a coordinated International Energy Agency initiative. In August alone, 15.1 million barrels have been withdrawn from the reserves. While the administration has stated plans to replace the removed crude, industry executives have expressed concerns regarding the low levels of the stockpile.

Entities

Donald Trump · International Energy Agency · Strait of Hormuz · Strategic Petroleum Reserve · U.S. Department of Energy · U.S. Energy Information Administration · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Current reserves represent approximately 41 percent of the total 714 million barrel capacity. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr
[● 5 SOURCES] U.S. strategic petroleum reserves fell below 290 million barrels as of August 21. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · news.az · www.washingtonexaminer.com
[● 5 SOURCES] The reserves reached 289.7 million barrels, the lowest level since November 1982. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · news.az · www.washingtonexaminer.com
[● 5 SOURCES] Reserves have decreased by more than 125 million barrels since late February. www.vijesti.ba · www.index.hr · news.az · www.oslobodjenje.ba · www.washingtonexaminer.com
[● 5 SOURCES] The drawdown was a response to Middle East supply disruptions and Strait of Hormuz transit restrictions. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · news.az · www.washingtonexaminer.com
[● 5 SOURCES] In August, 15.1 million barrels were released from the strategic reserves. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · news.az · www.washingtonexaminer.com
[● 5 SOURCES] President Donald Trump approved the release of 172 million barrels from the reserves. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · news.az · www.washingtonexaminer.com
[● 5 SOURCES] The oil release is part of a coordinated International Energy Agency initiative to stabilize global markets. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · news.az · www.washingtonexaminer.com
[● 5 SOURCES] The latest inventory consisted of about 98.7 million barrels of sweet crude and 191 million barrels of sour crude. news.az · www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · www.washingtonexaminer.com

Sources

US Strategic Petroleum Reserve hits lowest level since 1982 [news.az]

about 2 hours ago

Strateške rezerve nafte u SAD-u pale na najniži nivo od 1982. godine [www.oslobodjenje.ba]

about 1 hour ago

Alarm u SAD-u: Naftne rezerve pale na nivo iz 1982. [www.vijesti.ba]

about 1 hour ago

Američke strateške rezerve nafte na najnižim razinama u zadnjih 44 godine [www.index.hr]

about 1 hour ago

Strategic Petroleum Reserve hits lowest level since 1982 [www.washingtonexaminer.com]

about 2 hours ago