11 stories tagged #Strategic Petroleum Reserve

  1. US Unleashes Strategic Oil Reserves and Targets ASEAN LNG Markets
    finance

    US Unleashes Strategic Oil Reserves and Targets ASEAN LNG Markets

    The DOE releases 172 million barrels from the Strategic Petroleum Reserve to counter Middle East tensions, while pivoting LNG exports toward Southeast Asia.

    last wk. 2 min read
  2. US Unveils Strategic Energy Push to Secure ASEAN Markets
    finance

    US Unveils Strategic Energy Push to Secure ASEAN Markets

    The US releases 172 million barrels from reserves and expands LNG exports to Southeast Asia, countering Middle East supply shocks.

    last wk. 1 min read
  3. US Oil Inventories Hit 20-Year Low Amid Export Surge and Strategic Reserve Drawdown
    finance

    US Oil Inventories Hit 20-Year Low Amid Export Surge and Strategic Reserve Drawdown

    US crude stocks fell to the lowest in over 20 years as exports rise and imports slow, with Cushing at 22.4 million barrels.

    2w ago 1 min read
  4. US Oil Inventories Hit 20-Year Low, SPR at Half Capacity
    finance

    US Oil Inventories Hit 20-Year Low, SPR at Half Capacity

    US commercial crude stocks fell to 434M barrels, lowest in two decades, with the Strategic Petroleum Reserve at a 28-month low.

    2w ago 1 min read
  5. U.S. Oil Inventories Plunge to Lowest Since 2004 Amid Iran Tensions
    world

    U.S. Oil Inventories Plunge to Lowest Since 2004 Amid Iran Tensions

    U.S. crude stockpiles hit their lowest since 2004 due to exports and SPR releases, with Iran tensions adding volatility to oil markets.

    2w ago 1 min read
  6. API Reports Massive Crude Draw, Oil on Track for $90 by June
    finance

    API 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.

    last mo. 1 min read
  7. Trump Admin’s Oil Measures Fall Short Amid Strait of Hormuz Closure
    finance

    Trump 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.

    3mo ago 2 min read
  8. US May Lift Sanctions on 140M-Barrel Iranian Oil Cache
    finance

    US 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.

    3mo ago 1 min read