President Donald Trump's budget proposes to shut as soon as in a few months the Northeast Home Heating Oil Reserve, which ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week, this ...

Trump plans to refill the Strategic Petroleum Reserve after Biden’s drawdowns, tying it to his broader energy dominance ...

May marked the second month that additions to the SPR topped 2 million, DOE data show. The U.S. added a total of 2.4 million bbl in April. Levels in the SPR are now above 400 million bbl for the first ...

Two U.S. government reserves of cryptocurrency will be stocked with bitcoin and other tokens seized by federal agencies. See ...

The administration hopes that tapping the Strategic Petroleum Reserve, a move that comes just weeks before the midterm elections, will bring relief to voters who have been struggling from high ...

President Joe Biden announced the first major release from the Strategic Petroleum Reserve (SPR) on Nov. 23, 2021. He said the recovery from the coronavirus pandemic was increasing demand for ...

As we’ve written before, the Strategic Petroleum Reserve, or SPR, was established in 1975, after the 1973-74 Arab oil embargo against the U.S. caused domestic energy supply shortages and damaged ...

What's the point of a strategic crypto reserve? Similar to the Strategic Petroleum Reserve, which protects the U.S. economy from disruptions in oil supplies, a national crypto reserve would help ...

From a conceptual standpoint, the strategic Bitcoin reserve is similar to the Strategic Petroleum Reserve, created in 1975 in response to the energy crisis of that era. The goal at the time was to ...

Most notably, the announcement includes the release of 15 million barrels of oil from the nation's stockpile -- known as the Strategic Petroleum Reserve -- in December. The release accounts for ...