The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the ...

When he launched his presidential campaign in late 2022, then-candidate Donald Trump blasted his successor for aggressively releasing oil from America’s emergency stockpile ahead of the midterm ...

Strategic petroleum reserves are emergency stockpiles of crude oil set aside to ensure supply in the event of a disruption.

WHAT’S HAPPENING TODAY: Good morning and happy Monday, Daily on Energy readers! After 53 years, the New York Knicks ended ...

Former U.S. President Donald Trump claims that he filled the SPR while Biden drained it. The level of the SPR actually declined while President Trump was in office. Biden has reduced the level of the ...

With the US SPR nearing historic lows, energy analysts warn that crude oil prices are likely to remain above pre-war levels ...

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 ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. 019909 17: Tunnels wind through subterranean chambers June 1, ...

President Joe Biden has faced criticism for tapping the country's strategic petroleum reserve just weeks before the midterm elections. AP See more of our coverage in your search results. President Joe ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. UNSPECIFIED - JANUARY 20: In this screengrab, (L-R) Former ...