The StrategicPetroleumReserve currently holds 687.7 million barrels of oil in salt caverns and tanks at designated locations in Texas and Louisiana, which allow for quick distribution when ...
Shale billionaire Harold Hamm this week accused the Biden administration of leaving the U.S. "unusually vulnerable" to a Middle East oil price shock by draining its Strategic Petroleum Reserve and ...
In its weekly report released Wednesday, the Energy Information Administration said crude oil stocks excluding the Strategic Petroleum Reserve rose 3.9 million barrels to 416.9 million. Analysts ...
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