The Big Beautiful Bill allocated $171 million for petroleum acquisitions toward refilling the Strategic Petroleum Reserve, ...

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 ...

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

The Strategic Petroleum Reserve, which stores U.S. oil in case of emergencies, could see a refill under President Trump, depending on prices.

The strategic petroleum reserve is the country’s emergency stockpile of oil. The 180 million barrel release would drop the reserve levels to 388 million barrels — the lowest levels since 1984.

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

Biden taps U.S. oil reserve to ease gas prices 03:47. President Biden announced Thursday that his administration will release 180 million barrels of oil from the nation's Strategic Petroleum ...

America’s Strategic Petroleum Reserve is a collection of underground salt caverns in Texas and Louisiana that can hold more than 700 million barrels of oil, although it is not currently full.

Still, when combined with other tools, strategic oil reserves can lower gas prices, said Jay Hakes, an energy expert and author of two books about the oil reserve, including “Energy Crisis ...

DALLAS (AP) - President Joe Biden is again dipping into the nation's petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the daily ...

America’s Strategic Petroleum Reserve is a collection of underground salt caverns in Texas and Louisiana that can hold more than 700 million barrels of oil, although it is not currently full.

Releases from the strategic petroleum reserve have “reduced oil prices by an estimated close to $10 per barrel, which translates into a saving of about 40 cents per gallon,” Zandi told ABC News.