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July 6, 2022
The export of crude and fuel is blunting the impact of the moves by US President Joe Biden to lower record pump prices.
June 16, 2022
When Joe Biden took office in 2021, the SPR inventory stood at 638 million barrels, below the currently authorized capacity of 714 million barrels. And it has declined steadily since then, to 511.6 million barrels in June. And the oil releases ordered by Biden are continuing.
May 25, 2022
The U.S. government has announced the sale of up to 40.1 million barrels of crude oil to be ...
April 26, 2022
Contracts were awarded to 12 companies, including Exxon, Chevron and Shell.
April 26, 2022
Contracts were awarded to 12 companies, including Exxon, Chevron and Shell.
April 22, 2022
The U.S. Department of Energy has announced the sale of 30 million barrels of oil from the Strategic Petroleum Reserve (SPR), the first since President Biden announced plans for the...
April 21, 2022
The U.S. Department of Energy (DOE) has announced that contracts have been awarded for 30 million barrels from the Strategic Petroleum Reserve (SPR). This second emergency sale was conducted as part of a coordinated action with international allies and partners in response to Vladimir Putinโs war of choice against Ukraine.
April 7, 2022
The President announced he will sell 180 million oil barrels from the Strategic Petroleum Reserves, amid the war in Ukraine and disruptions in the global oil supply
April 6, 2022
The President announced he will sell 180 million oil barrels from the Strategic Petroleum Reserves, amid the war in Ukraine and disruptions in the global oil supply
April 5, 2022
The President announced he will sell 180 million oil barrels from the Strategic Petroleum Reserves, amid the war in Ukraine and disruptions in the global oil supply