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US Strategic Petroleum Reserve
Energy Department to Buy 3 Million Oil Barrels to Replenish Strategic Reserves
The U.S. Department of Energy (DOE) has announced that it intends to buy oil to replenish the country’s Strategic Petroleum Reserve (SPR), which has been depleted to multi-decade-low levels. According ...
May 16, 2023
BY
Naveen Athrappully
Refilling Nation’s Depleted Petroleum Reserves Not Happening Overnight: Biden Official
The Biden administration remains undecided about replenishing the nation’s strategic petroleum reserves (SPR) even as oil prices have ...
March 17, 2023
BY
Naveen Athrappully
Hearing on Biden’s Dip Into Strategic Petroleum Reserves Becomes Debate on Race, Renewables
A House Oversight Subcommittee hearing on President Joe Biden’s decision to draw down the Strategic Petroleum Reserves had ...
March 9, 2023
BY
Michael Clements
NTD Business (Feb. 14): Peter Schiff: Real Inflation Is Double CPI Inflation; US to Sell 26 Million Barrels of Reserve Oil
Inflation numbers are out for January. Prices increased the most in three months, by 0.5 percent, and egg ...
February 14, 2023
BY
Don Ma
Energy Secretary Opposes GOP Push to Add Conditions for Withdrawing More Oil From National Reserves
U.S. Secretary of Energy Jennifer Granholm sent a letter to the House energy panel warning that the GOP ...
January 19, 2023
BY
Naveen Athrappully
NTD Business (Jan. 12): US Inflation Slows in December; House Passes Bill to Block SPR Oil Exports to China
Monthly inflation is down for the first time in more than two-and-a-half years. We talk to traders about the ...
January 12, 2023
BY
Don Ma
Washington’s Dilemma in Trying to Refill Petroleum Reserves After 220 Million Barrel Drawdown
News Analysis After the Biden administration released 180 million barrels of oil last year from its Strategic Petroleum ...
January 12, 2023
BY
Naveen Athrappully
White House Now Looking to Refill SPR at $70 per Barrel
The Biden administration has changed its stance on refilling the Strategic Petroleum Reserve (SPR) after significantly depleting it ...
November 30, 2022
BY
Naveen Athrappully
Head of US Energy Alliance Says Biden Administration’s Energy Policies Are Driving Up Costs of Oil and Gas
While the COVID-19 pandemic has spurred energy demand, leading to increased prices, the Biden administration's reliance on imports ...
December 25, 2021
BY
Masooma Haq
and
Steve Lance
Oil Reserve Release ‘A Drop in the Ocean,’ Symbolic Gesture Has Minimal Effect on Price: Goldman Sachs
A coordinated global release of oil reserves led by the United States, resulting in 70–80 million barrels of ...
November 24, 2021
BY
Naveen Athrappully
Oil Stocks Jump After Biden Releases 50 Million Barrels From US Strategic Petroleum Reserve
The United States Oil ETF traded higher by 2.4 percent on Tuesday after President Joe Biden announced he ...
November 23, 2021
BY
Benzinga
TOP NEWS
Senate to Add Iran to Russia Sanctions Bill
NEW
By
Timothy Frudd
What to Know About Troy Jackson, Democrats’ Likely Pick to Take on Sen. Susan Collins in Maine
1hr
By
Joseph Lord
What to Know About Iran’s Pickaxe Mountain and Possible US Efforts to Attack It
2hr
By
Ryan Morgan
Trump to Impose New Tariffs on 60 Countries
2hr
By
Joseph Lord
Thousands Rally at Lincoln Memorial Calling for End to Persecution of Falun Gong
3hr
By
Eva Fu
and
Nicholas Zifcak
Trump Expands Plan to Keep AI Data Centers From Increasing Household Energy Bills
3hr
By
Jacob Burg
Justice Department Withdraws Subpoenas of New York Times Journalists
3hr
By
Timothy Frudd
Michigan Hit Hardest by Cyclospora Outbreak
3hr
By
Tom Gantert
Man Gets Life for Killing Minnesota Lawmaker and Her Husband
4hr
By
Stacy Robinson
Trump Says He’s Weighing ‘Massive Attack’ on Iran
5hr
By
Jack Phillips