(The Center Square) – About 1 million barrels of crude oil that will go toward replenishing the nation’s Strategic Petroleum Reserve have been purchased, the U.S. Department of Energy said Thursday.

At 427.5 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the EIA report ...

The Biden administration is planning to announce additional sales from the nation's emergency oil stockpile as it seeks to counter market pressures created by the OPEC+ decision to cut oil production ...

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (BWXT) announced today a U.S. Department of Energy award to manage and operate the Strategic Petroleum Reserve. Strategic Storage Partners, LLC ...

WASHINGTON (Reuters) -A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally ...

U.S. crude oil inventories increased last week as imports rose and exports fell, according to data from the U.S. Energy ...

The U.S. Strategic Petroleum Reserve (SPR) was created in 1975 by the Energy Policy and Conservation Act, signed into law by President Gerald Ford. It was established in response to the 1973-1974 oil ...

BWX Technologies (NYSE:BWXT) said Wednesday its joint venture with APTIM Federal Services was awarded a U.S. Department of Energy contract to manage and operate the Strategic Petroleum Reserve. The ...

LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today a U.S. Department of Energy award to manage and operate the Strategic Petroleum Reserve. “As a premier operator of ...