Strategic Petroleum Reserve
-
financeAPI Reports Massive Crude Draw, Oil on Track for $90 by June
U.S. crude inventories fell by 8.1 million barrels, far exceeding expectations, as Hormuz blockade tightens global supply.
-
financeTrump Admin’s Oil Measures Fall Short Amid Strait of Hormuz Closure
With the Strait of Hormuz effectively closed, U.S. gasoline nears $4/gallon despite SPR releases, Jones Act waivers, and Russian oil sanctions relief.
-
financeUS May Lift Sanctions on 140M-Barrel Iranian Oil Cache
Treasury Secretary Scott Bessent signals imminent move to unsanction Iranian crude stranded at sea to ease global supply crunch.
-
financeU.S. Oil Exports Surge as WTI-Brent Discount Hits 11-Year Wide
WTI crude trades $12.05 below Brent-the widest gap since March 2015-spurring record U.S. Gulf Coast export activity amid Middle East supply disruptions and SPR releases.
-
financeOil Prices Dip Amid Strait of Hormuz Activity and U.S. Easing Measures
Oil prices see a temporary dip as an Indian tanker exits the Strait of Hormuz and the U.S. implements measures to stabilize energy markets, though weekly gains persist amid ongoing Middle East conflict.
-
financeUS Oil Reserves Plunge to 40-Year Low Amid Major Release
The U.S. Strategic Petroleum Reserve faces its lowest levels since 1982 following a massive oil release ordered by the Trump administration to counter rising prices.