Stories Tagged as
Strategic Petroleum Reserve
Why the U.S. is a spoiler for OPEC's plan to raise oil prices
by
Lily Jamali
Jul 10, 2023
OPEC is trying to cut production among its members in a bid to push up the price of oil, but it hasn't gone according to plan.
After a year of drawdowns, the Biden administration moves to replenish the Strategic Petroleum Reserve
by
Lily Jamali
Dec 22, 2022
Analysts say the SPR is increasingly being used not just to cushion against oil price shocks, but to support prices.
U.S. oil reserve tumbles to lowest level in 4 decades
Sep 22, 2022
Biden authorized the release of crude from the Strategic Petroleum Reserve to boost supply and ease gas prices after Russia invaded Ukraine.