The broader trend suggests that other market forces (such as supply shocks, demand growth, and geopolitical risk) likely play ...

In September 2008, after hurricanes Gustav and Ike decimated Gulf communities, the DOE authorized an SPR exchange of nearly 5 ...

The U.S. Department of Energy has authorized the exchange of as many as 1M barrels from the Strategic Petroleum Reserve to ...

The Trump administration hasn't acted "immediately" to refill the reserve, as Trump said he would. But a fast refill is being prevented by maintenance concerns, and funding for both repairs and new ...

The U.S. activates its Strategic Petroleum Reserve to counter refinery outages and Gulf Coast fuel threats. Discover the ...

The U.S. Department of Energy (DOE) authorized an exchange from the Strategic Petroleum Reserve (SPR) with ExxonMobil ...

The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

Oil rises in early Asian trade, aided by an unexpected fall in U.S. crude inventories. EIA data released overnight showed commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by ...

A refinery in Louisiana will receive crude from the nation’s stockpile to help address offshore oil supply issues.

U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

The United States withdrew oil from its Strategic Petroleum Reserve for the first time last week since December 2023, data from the Energy Information Administration showed on Wednesday. 300,000 ...

India is exploring building three new strategic oil reserves to boost its emergency stockpile and strengthen energy security, the head of the company in charge of strategic reserves said on Wednesday.