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U.S. Strategic Petroleum Reserve hits lowest level since 1982
The United States Strategic Petroleum Reserve (SPR) has fallen to its lowest level since November 1982. According to data from the U.S. Department of Energy and the Energy Information Administration, reserves dropped to 289.7 million barrels for the week ending August 21.
This decline follows a 20-week period of continuous drawdowns since late March, during which approximately 116.7 million barrels of crude were released. The current inventory represents roughly 41 percent of the total authorized storage capacity of 714 million barrels. The latest weekly reduction included 98.7 million barrels of sweet crude and 191 million barrels of sour crude.
The drawdown is part of an emergency program authorized by President Donald Trump to stabilize global energy markets following supply disruptions in the Middle East and transit restrictions in the Strait of Hormuz. The administration has authorized the release of up to 172 million barrels as part of a coordinated International Energy Agency initiative to provide 400 million barrels of oil and petroleum products to global markets.
Entities
Chris Wright · Donald Trump · International Energy Agency · Strait of Hormuz · Strategic Petroleum Reserve · U.S. Department of Energy · U.S. Energy Information Administration · United States · United States Strategic Petroleum Reserve
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Current reserves represent approximately 41 percent of the total 714 million barrel capacity. www.oslobodjenje.ba · www.vijesti.ba · www.index.hr · ekonomijaibiznis.mk · news.az
- [● 10 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 more
- [● 10 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 more
- [● 6 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 · +1 more
- [● 6 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 · +1 more
- [● 6 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 · +1 more
- [● 9 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 · +4 more
- [● 6 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 · +1 more
- [● 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