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HomeStrategic Petroleum Reserve

Strategic Petroleum Reserve

crude oil
Crude Oil News

The Administration may release more crude oil from the SPR to lower gasoline prices before the election

April 19, 2024 Mariel Alumit

White House senior adviser John Podesta said Tuesday, April 16, 2024, that President Joe Biden will do anything to ensure affordable gasoline prices. When asked if the Administration was considering releasing more crude oil from the Strategic […]

Downstream

Daily Energy Standup Episode #322 – US Gasoline Reserve Sale and China’s Oil Access Blocked

March 5, 2024 Andy Del Prado

Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]

Strategic Petroleum Reserve
Energy Policy

US funding bill blocks China from buying oil from Strategic Petroleum Reserve

March 4, 2024 Mariel Alumit

WASHINGTON, March 3 (Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line […]

Crude Oil News

Biden Plans to Buy Some Oil for the Emergency Reserve, But Not Too Much

December 14, 2023 Mariel Alumit

IER Key Takeaways 1:After draining 180 million barrels of oil to get gas prices down before the 2022 elections, President Biden is beginning to add small amounts of oil to the Strategic Petroleum Reserve. 2: […]

Crude Oil News

US seeks to buy 6 million barrels for oil reserve by January

October 22, 2023 Mariel Alumit

Nasdaq The U.S. Department of Energy said on Thursday it hopes to buy six million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan […]

Energy
Crude Oil News

Energy Department will seek to refill Strategic Petroleum Reserve in June, Granholm says

May 12, 2023 Mariel Alumit

Energy Secretary Jennifer Granholm said Thursday that the United States could begin purchasing oil to refill the Strategic Petroleum Reserve as early as June, offering the administration’s most optimistic timeline to date as to how soon it might begin […]

Oil
Exploration and Production

Can American Producers Head Off Looming Oil Shortages?

October 28, 2022 Mariel Alumit

A remarkable political consensus has emerged: the world needs more oil. Confirmation of that reality didn’t come from any oil executive but from President Biden, who recently admonished U.S. oil companies “to deploy these record-breaking profits to […]

ENB Substack

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