The oil will be delivered to the Bryan Mound Strategic Petroleum Reserve site near Freeport, Texas, in December and January, the Energy Department said in a statement.

The Department of Energy (DOE) announced Wednesday that it has advanced a plan to acquire one million barrels of crude oil to ...

Crude oil inventories decreased last week by 3.4 million barrels as exports increased and refineries ran at a higher rate, ...

The U.S. will begin refilling the Strategic Petroleum Reserve by purchasing 1 million barrels of crude, the Energy Department ...

In the 36 years since Congress voted to create a Strategic Petroleum Reserve, U.S. presidents have tapped the nation’s emergency oil stockpile only three times. But in recent years, as gasoline prices ...

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 ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large build of 4.4 ...

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 ...

Five decades after the creation of the Strategic Petroleum Reserve in the wake of the Arab oil embargo, the United States is facing a new threat to its economic, energy ...

As the inception of the Strategic Petroleum Reserve has reached a critical milestone, it is time to take stock of where it has been and where it is going. Beginning in November 2020, US transportation ...