Despite claims of replenishment, the Strategic Petroleum Reserve (SPR) remains significantly below pre-Biden levels. The DOE's statements create a misleading impression by including barrels not yet ...

The Department of Energy rejected a bid for 3 million barrels to refill the SPR last week. Crude quality complicates the problem of refilling the SPR. The U.S. Department of Energy may not have ...

WASHINGTON, Nov 8 (Reuters) - The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to ...

The broader trend suggests that other market forces (such as supply shocks, demand growth, and geopolitical risk) likely play a far greater role in setting the price of crude than SPR adjustments ...

The Department of Energy (DOE) on Friday revealed the names of the entities that won bids to purchase the latest oil released from the Strategic Petroleum Reserve by President Biden. The 10.15 million ...

The USA wants to get the SPR to its would-be level had it not been for releases induced by the Ukraine war. Image by humonia via iStock The USA Department of Energy (DOE) has awarded contracts for the ...