ReportedShipping, energy & marketsUnited States
U.S. Strategic Petroleum Reserve falls to 283.8 million barrels
- Mountain Time
- Local time
- 6:30 PM UTC
- Where
- United States
U.S. Department of Energy data showed the Strategic Petroleum Reserve at 283.8 million barrels, its lowest level since October 1982, after emergency exchanges and releases during the Hormuz disruption.
Why it matters
The reserve is approaching the range generally considered necessary for efficient pumping and processing, reducing the U.S. buffer against further oil-supply disruption.
Source
- OilPrice.comoilprice.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels