Oil Reserves Plummet to 40-year LowThe Biden Administration is treading on dangerous ground as it continues to deplete the Strategic Petroleum Reserve (SPR) to levels not seen in decades, as geopolitical tensions flare and as global crude prices remain high.
The chart above shows that the Strategic Petroleum Reserve has declined t
Key data points
Last release
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Observation period
10 May 2024
Next release
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Forecast
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Highest
726.62 MBLL on Jan 1, 2010
Lowest
2.65 MBLL on Oct 31, 1977
About United States Strategic Petroleum Reserve Crude Oil Stocks
In the United States, Strategic Petroleum Reserve Crude Oil Stocks refers to the US ending stocks of crude oil in Strategic Petroleum Reserve.
