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Strategic Petroleum Reserve Hits 283.8-Million Barrel Low Since 1982

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Story summary
  • The Strategic Petroleum Reserve fell to 283.8 million barrels, its lowest level since October 1982.
  • Stocks were 284.6 million barrels for the week ending September 18, down from 285.0 million.
  • President Donald Trump authorized a 172-million-barrel release in March, part of a 400-million-barrel IEA drawdown.
  • The administration pledged to refill 200 million barrels within a year at no cost to taxpayers.
  • Federal law sets a minimum of 252.4 million barrels; industry prefers 250-300 million barrels.